Bank of Hawaii lessened its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,661 shares of the real estate investment trust’s stock after selling 7,814 shares during the period. Bank of Hawaii’s holdings in Two Harbors Investment were worth $173,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in TWO. State Street Corp lifted its holdings in shares of Two Harbors Investment by 4.3% during the 2nd quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock valued at $52,078,000 after purchasing an additional 217,529 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Two Harbors Investment by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 718 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Two Harbors Investment during the 3rd quarter valued at about $101,000. APG Asset Management N.V. bought a new position in shares of Two Harbors Investment during the 3rd quarter valued at about $12,781,000. Finally, First Trust Advisors LP lifted its holdings in shares of Two Harbors Investment by 2.4% during the 3rd quarter. First Trust Advisors LP now owns 2,247,549 shares of the real estate investment trust’s stock valued at $22,655,000 after purchasing an additional 52,320 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.
Shares of Two Harbors Investment Corp (NYSE:TWO) opened at $15.65 on Wednesday. The company has a market capitalization of $2,790.00, a P/E ratio of 10.72 and a beta of 0.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.19. Two Harbors Investment Corp has a 12 month low of $13.85 and a 12 month high of $17.29.
TWO has been the topic of several recent analyst reports. Zacks Investment Research upgraded Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Saturday, January 20th. B. Riley set a $17.00 price objective on Two Harbors Investment and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine cut Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.
In other news, CEO Thomas Siering bought 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $14.85 per share, for a total transaction of $44,550.00. Following the purchase, the chief executive officer now owns 898,683 shares of the company’s stock, valued at approximately $13,345,442.55. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Rebecca B. Sandberg sold 9,308 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.16, for a total value of $141,109.28. Following the transaction, the general counsel now directly owns 128,308 shares in the company, valued at approximately $1,945,149.28. The disclosure for this sale can be found here. Insiders sold a total of 81,903 shares of company stock worth $1,241,847 in the last 90 days. Company insiders own 1.16% of the company’s stock.
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About Two Harbors Investment
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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