Bessemer Group Inc. Buys 12,045 Shares of Two Harbors Investments Corp (NYSE:TWO)
Bessemer Group Inc. increased its stake in Two Harbors Investments Corp (NYSE:TWO) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,532 shares of the real estate investment trust’s stock after buying an additional 12,045 shares during the period. Bessemer Group Inc.’s holdings in Two Harbors Investments Corp were worth $2,155,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Two Harbors Investments Corp by 1,289.0% in the first quarter. BNP Paribas Arbitrage SA now owns 374,139 shares of the real estate investment trust’s stock valued at $3,588,000 after buying an additional 347,204 shares during the last quarter. Stevens Capital Management LP bought a new position in Two Harbors Investments Corp during the first quarter valued at about $162,000. Oppenheimer & Co. Inc. bought a new position in Two Harbors Investments Corp during the first quarter valued at about $120,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Two Harbors Investments Corp by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,264 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,456 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Two Harbors Investments Corp during the first quarter valued at about $2,300,000. Institutional investors and hedge funds own 71.02% of the company’s stock.
Shares of Two Harbors Investments Corp (NYSE TWO) opened at 10.03 on Thursday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 6.81 and a beta of 0.59. The stock has a 50 day moving average price of $9.92 and a 200-day moving average price of $9.68. Two Harbors Investments Corp has a 12 month low of $7.91 and a 12 month high of $10.54.
Two Harbors Investments Corp (NYSE:TWO) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a return on equity of 10.41% and a net margin of 72.15%. The company had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Two Harbors Investments Corp’s revenue was up 16.8% compared to the same quarter last year. Analysts expect that Two Harbors Investments Corp will post $1.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Friday, June 30th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 10.37%. This is a positive change from Two Harbors Investments Corp’s previous quarterly dividend of $0.25. Two Harbors Investments Corp’s dividend payout ratio is currently 72.73%.
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Several equities analysts recently issued reports on TWO shares. Maxim Group restated a “buy” rating and set a $10.25 price target on shares of Two Harbors Investments Corp in a research report on Wednesday, June 7th. BidaskClub lowered Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Credit Suisse Group started coverage on Two Harbors Investments Corp in a research report on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.05.
In other Two Harbors Investments Corp news, CFO Brad Farrell sold 19,663 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total transaction of $193,877.18. Following the completion of the sale, the chief financial officer now owns 410,727 shares in the company, valued at $4,049,768.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Rebecca B. Sandberg sold 5,566 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.85, for a total value of $54,825.10. Following the sale, the general counsel now owns 179,466 shares of the company’s stock, valued at approximately $1,767,740.10. The disclosure for this sale can be found here. 1.16% of the stock is owned by corporate insiders.
Two Harbors Investments Corp Company Profile
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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