Simplicity Wealth LLC Acquires New Position in Two Harbors Investments Corp $TWO

Simplicity Wealth LLC bought a new position in Two Harbors Investments Corp (NYSE:TWO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 96,611 shares of the real estate investment trust’s stock, valued at approximately $954,000.

Several other large investors have also added to or reduced their stakes in TWO. Balyasny Asset Management L.P. boosted its position in shares of Two Harbors Investments by 490.7% in the second quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares during the period. Invesco Ltd. boosted its holdings in Two Harbors Investments by 44.5% in the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after buying an additional 815,931 shares during the period. Wolverine Asset Management LLC increased its stake in Two Harbors Investments by 168.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 744,028 shares of the real estate investment trust’s stock worth $8,013,000 after buying an additional 466,957 shares in the last quarter. First Trust Advisors LP bought a new stake in Two Harbors Investments during the second quarter valued at about $4,371,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Two Harbors Investments in the second quarter valued at about $1,861,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Stock Down 0.3%

NYSE TWO opened at $13.37 on Friday. The stock has a 50 day moving average price of $10.96 and a 200-day moving average price of $10.29. Two Harbors Investments Corp has a one year low of $9.30 and a one year high of $14.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $1.39 billion, a P/E ratio of -5.35 and a beta of 1.19.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.2%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -54.40%.

Insider Activity at Two Harbors Investments

In related news, insider Robert Rush sold 23,594 shares of Two Harbors Investments stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $269,679.42. Following the completion of the transaction, the insider directly owned 98,207 shares of the company’s stock, valued at approximately $1,122,506.01. The trade was a 19.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Nicholas Letica sold 55,488 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the sale, the executive directly owned 166,507 shares in the company, valued at $1,901,509.94. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 129,389 shares of company stock valued at $1,483,046 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TWO. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. UBS Group cut shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $14.00 in a research report on Friday. Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Two Harbors Investments currently has a consensus rating of “Reduce” and an average target price of $12.46.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.