Two Harbors Investment Corp (NYSE:TWO) investors should pay attention to a decrease in enthusiasm from smart money in recent months.
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With all of this in mind, let’s take a peek at the recent action encompassing Two Harbors Investment Corp (NYSE:TWO).
What does the smart money think about Two Harbors Investment Corp (NYSE:TWO)?
In preparation for this year, a total of 18 of the hedge funds we track were long in this stock, a change of -14% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their holdings substantially.
Of the funds we track, Brian Jackelow’s SAB Capital Management had the largest position in Two Harbors Investment Corp (NYSE:TWO), worth close to $90 million, accounting for 13.2% of its total 13F portfolio. Coming in second is SAC Capital Advisors, managed by Steven Cohen, which held a $45 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Andy Redleaf’s Whitebox Advisors, David Tepper’s Appaloosa Management LP and Don Morgan’s Brigade Capital.
Seeing as Two Harbors Investment Corp (NYSE:TWO) has experienced a declination in interest from the aggregate hedge fund industry, it’s easy to see that there lies a certain “tier” of hedge funds who sold off their positions entirely at the end of the year. Interestingly, Jeffrey Bersh and Michael Wartell’s Venor Capital Management dumped the largest investment of all the hedgies we monitor, totaling about $31 million in stock.. Paul Ruddockáand Steve Heinz’s fund, Lansdowne Partners, also said goodbye to its stock, about $16 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest dropped by 3 funds at the end of the year.
What do corporate executives and insiders think about Two Harbors Investment Corp (NYSE:TWO)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time period, Two Harbors Investment Corp (NYSE:TWO) has experienced 6 unique insiders buying, and zero insider sales (see the details of insider trades here).
With the returns shown by our research, everyday investors should always keep an eye on hedge fund and insider trading activity, and Two Harbors Investment Corp (NYSE:TWO) applies perfectly to this mantra.
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