Two Harbors Investment Corp (TWO) : Geller Family Office Services has sold out all of its stake in Two Harbors Investment Corp during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 15,345 shares of Two Harbors Investment Corp which is valued at $138,258.
Other Hedge Funds, Including , Secor Capital Advisors Lp added TWO to its portfolio by purchasing 58,238 company shares during the most recent quarter which is valued at $522,977. Two Harbors Investment Corp makes up approx 0.07% of Secor Capital Advisors Lp’s portfolio.Geneva Advisors boosted its stake in TWO in the latest quarter, The investment management firm added 10,656 additional shares and now holds a total of 65,477 shares of Two Harbors Investment Corp which is valued at $587,983. Two Harbors Investment Corp makes up approx 0.01% of Geneva Advisors’s portfolio.
Two Harbors Investment Corp closed down -0.01 points or -0.11% at $8.98 with 9,20,036 shares getting traded on Friday. Post opening the session at $8.99, the shares hit an intraday low of $8.92 and an intraday high of $9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Two Harbors Investment Corp reported $0.22 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.22. The company had revenue of $100.80 million for the quarter, compared to analysts expectations of $95.48 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Two Harbors Investment Corp. Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 9.50 from a previous price target of $8.75 .
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s investment objective is to provide risk-adjusted total return to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives) meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Non-Agency RMBS meaning RMBS that are not issued or guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC a subsidiary of Pine River Capital Management L.P.