home Latest News Stockman Wealth Management Inc. Has $238000 Stake in Two Harbors Investments Corp (TWO) – The Cerbat Gem

Stockman Wealth Management Inc. Has $238000 Stake in Two Harbors Investments Corp (TWO) – The Cerbat Gem

This post was originally published on this site

Stockman Wealth Management Inc. held its stake in Two Harbors Investments Corp (NYSE:TWO) during the first quarter, according to its most recent filing with the SEC. The fund owned 24,500 shares of the real estate investment trust’s stock at the end of the first quarter. Stockman Wealth Management Inc.’s holdings in Two Harbors Investments Corp were worth $238,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TWO. State Board of Administration of Florida Retirement System boosted its position in shares of Two Harbors Investments Corp by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 381,183 shares of the real estate investment trust’s stock worth $3,324,000 after buying an additional 7,880 shares during the last quarter. William Harris Investors Inc. boosted its position in shares of Two Harbors Investments Corp by 53.1% in the fourth quarter. William Harris Investors Inc. now owns 49,000 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 17,000 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Two Harbors Investments Corp by 4.4% in the fourth quarter. Bessemer Group Inc. now owns 205,487 shares of the real estate investment trust’s stock worth $1,792,000 after buying an additional 8,733 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in shares of Two Harbors Investments Corp during the fourth quarter worth $579,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Two Harbors Investments Corp during the fourth quarter worth $28,407,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

Shares of Two Harbors Investments Corp (TWO) traded down 1.27% on Friday, reaching $10.08. 3,891,858 shares of the company traded hands. The stock has a market capitalization of $3.52 billion, a P/E ratio of 6.84 and a beta of 0.61. The stock’s 50 day moving average price is $9.97 and its 200-day moving average price is $9.34. Two Harbors Investments Corp has a one year low of $7.91 and a one year high of $10.28.

Two Harbors Investments Corp (NYSE:TWO) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $116.20 million during the quarter, compared to the consensus estimate of $107.90 million. Two Harbors Investments Corp had a return on equity of 9.81% and a net margin of 74.05%. Two Harbors Investments Corp’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Equities analysts forecast that Two Harbors Investments Corp will post $1.06 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/06/11/stockman-wealth-management-inc-maintains-position-in-two-harbors-investment-corp-two-updated.html.

Several equities research analysts have issued reports on TWO shares. Wells Fargo & Company lowered shares of Two Harbors Investments Corp from an “outperform” rating to a “market perform” rating and set a $9.50 price target on the stock. in a research note on Tuesday, April 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, April 4th. Finally, Maxim Group reaffirmed a “buy” rating and set a $10.25 target price on shares of Two Harbors Investments Corp in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.73.

In other Two Harbors Investments Corp news, General Counsel Rebecca B. Sandberg sold 5,566 shares of the 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 in the company, valued at $1,767,740.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brad Farrell sold 19,663 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $9.86, for a total value of $193,877.18. Following the completion of the sale, the chief financial officer now owns 410,727 shares in the company, valued at approximately $4,049,768.22. The disclosure for this sale can be found here. 1.16% of the stock is owned by company 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.

Receive News & Stock Ratings for Two Harbors Investments Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Two Harbors Investments Corp and related stocks with our FREE daily email newsletter.