November 18, 2016 - By Darrin Black · 0 Comments
The stock of Two Harbors Investment Corporation (NYSE:TWO) registered a decrease of 14.28% in short interest. TWO’s total short interest was 3.77M shares in November as published by FINRA. Its down 14.28% from 4.40 million shares, reported previously. With 1.89M shares average volume, it will take short sellers 2 days to cover their TWO’s short positions. The short interest to Two Harbors Investment Corporation’s float is 1.1%. The stock increased 0.37% or $0.03 during the last trading session, hitting $8.24. Two Harbors Investment Corp (NYSE:TWO) has risen 7.01% since April 18, 2016 and is uptrending. It has outperformed by 2.58% the S&P500.
Two Harbors Investment Corp. is a real estate investment trust. The company has a market cap of $2.83 billion. The Firm is focused on investing in, financing and managing residential mortgage-backed securities , residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. It has a 13.27 P/E ratio. The Company’s target asset classes include Agency RMBS collateralized by fixed rate mortgage loans, adjustable-rate mortgage (ARM) loans or hybrid mortgage loans, including mortgage pass-through certificates, collateralized mortgage obligations, the Federal Home Loan Mortgage Corporation gold certificates, the Federal National Mortgage Association certificates, the Government National Mortgage Association (Ginnie Mae) certificates, to-be-announced forward contracts, and interest-only and inverse interest-only securities; Non-Agency RMBS, including both senior and mezzanine RMBS, and floating and fixed rate commercial real estate loans.
Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.38, from 1 in 2016Q1. The ratio improved, as 25 funds sold all Two Harbors Investment Corp shares owned while 85 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 236.62 million shares or 2.16% less from 241.83 million shares in 2016Q1.
The New York-based Virtu Limited Liability Corporation has invested 0.03% in Two Harbors Investment Corp (NYSE:TWO). Blb&B Advsrs Limited Liability accumulated 0.03% or 19,890 shares. Parkwood Limited Com last reported 48,548 shares in the company. Clough Capital Prtn Lp accumulated 0.5% or 1.08M shares. Balyasny Asset Mgmt has invested 0.09% of its portfolio in Two Harbors Investment Corp (NYSE:TWO). Moreover, Edge Wealth Limited Company has 0.14% invested in Two Harbors Investment Corp (NYSE:TWO) for 40,002 shares. Outfitter Advsr Ltd holds 0.13% of its portfolio in Two Harbors Investment Corp (NYSE:TWO) for 36,785 shares. The New York-based Moore Cap L P has invested 0.05% in Two Harbors Investment Corp (NYSE:TWO). Glenmede Tru Company Na accumulated 8,050 shares or 0% of the stock. The New Jersey-based Highlander Capital Mgmt Ltd Liability Corporation has invested 0.43% in Two Harbors Investment Corp (NYSE:TWO). Entrustpermal Management Lc has 272,433 shares for 1.17% of their US portfolio. Hilltop Hldgs, a Texas-based fund reported 25,195 shares. Whitnell last reported 6,180 shares in the company. Jane Street Grp Incorporated Limited Liability Corporation accumulated 42,965 shares or 0% of the stock. Legal And General Gp Incorporated Public Limited Com owns 213,469 shares or 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 2 buys, and 3 selling transactions for $121,303 net activity. Sandberg Rebecca B also sold $55,019 worth of Two Harbors Investment Corp (NYSE:TWO) on Tuesday, May 31. SIERING THOMAS bought $29,676 worth of stock or 3,500 shares. Shares for $18,037 were sold by RISKEY MARY KATHRYN on Tuesday, May 31. Farrell Brad also sold $109,375 worth of Two Harbors Investment Corp (NYSE:TWO) on Tuesday, May 31.
Out of 7 analysts covering Two Harbors Investment (NYSE:TWO), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Two Harbors Investment has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 6 by Maxim Group. Maxim Group maintained the stock with “Buy” rating in Friday, May 6 report. On Tuesday, September 6 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The stock of Two Harbors Investment Corp (NYSE:TWO) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, December 14. The stock has “Hold” rating given by Zacks on Wednesday, August 19. As per Thursday, February 4, the company rating was maintained by Wunderlich. As per Friday, November 4, the company rating was upgraded by Wells Fargo. The stock of Two Harbors Investment Corp (NYSE:TWO) has “Market Perform” rating given on Friday, January 15 by Wells Fargo. Maxim Group maintained Two Harbors Investment Corp (NYSE:TWO) on Monday, November 9 with “Buy” rating. Wells Fargo downgraded the shares of TWO in a report on Monday, January 18 to “Market Perform” rating.
Two Harbors Investment Corp., incorporated on May 21, 2009, is a real estate investment trust. The Firm is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. The Firm focuses on managing various associated risks, including interest rate, prepayment, mortgage spread and financing risk. The Firm generally finances its RMBS, residential mortgage loans and commercial real estate assets through short and long-term borrowings structured as repurchase agreements and advances from the Federal Home Loan Bank of Des Moines.
More news for Two Harbors Investment Corp (NYSE:TWO) were recently published by: Seekingalpha.com, which released: “Two Harbors: Keep Sailing” on November 17, 2016. Seekingalpha.com‘s article titled: “Two Harbors Investment Corp’s (TWO) CEO Tom Siering on Q3 2016 Results …” and published on November 03, 2016 is yet another important article.
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By Darrin Black