Sei Investments Co. Raises Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Sei Investments Co. increased its position in Two Harbors Investment Corp. (NYSE:TWO) by 21.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,451 shares of the real estate investment trust’s stock after buying an additional 20,403 shares during the period. Sei Investments Co. owned 0.11% of Two Harbors Investment worth $1,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Two Harbors Investment by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,306 shares in the last quarter. QRG Capital Management Inc. bought a new position in Two Harbors Investment during the second quarter valued at $144,000. Legacy Financial Strategies LLC bought a new position in Two Harbors Investment during the second quarter valued at $170,000. SG Americas Securities LLC grew its stake in shares of Two Harbors Investment by 64.9% in the 1st quarter. SG Americas Securities LLC now owns 13,188 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 5,188 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Two Harbors Investment in the 2nd quarter worth about $180,000. 64.19% of the stock is owned by institutional investors.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $13.03 on Friday. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $14.59. The company has a market capitalization of $1.35 billion, a PE ratio of 7.32 and a beta of 1.85. The stock’s fifty day moving average is $13.66 and its two-hundred day moving average is $13.17. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.02 by $0.15. The company had revenue of $115.95 million for the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the prior year, the business earned ($0.04) EPS. As a group, analysts expect that Two Harbors Investment Corp. will post 0.46 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.81%. Two Harbors Investment’s payout ratio is 101.12%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TWO shares. JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Wednesday, August 28th. Janney Montgomery Scott began coverage on Two Harbors Investment in a report on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. Compass Point started coverage on shares of Two Harbors Investment in a research note on Thursday. They set a “buy” rating and a $15.75 price objective for the company. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Sunday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.04.

Two Harbors Investment Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.