HighPoint Advisor Group LLC Has $507,000 Stake in Two Harbors Investments Corp (TWO)

HighPoint Advisor Group LLC held its position in shares of Two Harbors Investments Corp (NYSE:TWO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,712 shares of the real estate investment trust’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Two Harbors Investments Corp were worth $507,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Martingale Asset Management L P grew its stake in shares of Two Harbors Investments Corp by 8,595.4% in the second quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after purchasing an additional 1,848,609 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Two Harbors Investments Corp by 5,046.7% in the second quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after purchasing an additional 3,118,060 shares in the last quarter. Crawford Investment Counsel Inc. grew its stake in shares of Two Harbors Investments Corp by 6.0% in the second quarter. Crawford Investment Counsel Inc. now owns 218,700 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 12,390 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Two Harbors Investments Corp in the second quarter worth $11,869,000. Finally, Chicago Equity Partners LLC grew its stake in shares of Two Harbors Investments Corp by 122.9% in the second quarter. Chicago Equity Partners LLC now owns 534,735 shares of the real estate investment trust’s stock worth $5,299,000 after purchasing an additional 294,855 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

In related news, Director Brian Taylor acquired 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $10.06 per share, with a total value of $321,920.00. Following the completion of the purchase, the director now directly owns 51,865 shares in the company, valued at $521,761.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Two Harbors Investment Corp. acquired 2,395 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average cost of $18.95 per share, with a total value of $45,385.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 118,829 shares of company stock valued at $1,925,821. 1.16% of the stock is owned by insiders.

Several research analysts have recently issued reports on TWO shares. Credit Suisse Group reissued a “buy” rating and issued a $10.00 price target on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Maxim Group reissued a “buy” rating and issued a $10.25 price target on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. Zacks Investment Research raised Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, July 20th. Finally, BidaskClub cut Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $9.95.

Shares of Two Harbors Investments Corp (NYSE TWO) traded up 0.148% on Friday, reaching $10.145. The company had a trading volume of 670,585 shares. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $9.99. The firm has a market cap of $3.54 billion, a P/E ratio of 6.618 and a beta of 0.58. Two Harbors Investments Corp has a one year low of $8.18 and a one year high of $10.54. Shares of Two Harbors Investments Corp are set to reverse split on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts expect that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.27%. Two Harbors Investments Corp’s dividend payout ratio (DPR) is presently 72.73%.

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About Two Harbors Investments Corp

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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