5 Best Penny Stocks To Buy Now

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1. Two Harbors Investment Corp. (NYSE:TWO)

Share Price as of October 21: $3.23

Number of Hedge Fund Holders: 30

Two Harbors Investment Corp. (NYSE:TWO) is a real estate investment trust that focuses on investing in, financing, and managing residential mortgage-backed securities. The company has a portfolio of over $18 billion and is one of the largest companies in the space. Shares of Two Harbors Investment Corp. (NYSE:TWO) have pulled back in 2022 and are presenting an optimal buying opportunity for investors. As of October 21, the stock has a trailing twelve-month PE ratio of 5.34 and is trading at $3.23 a share. Two Harbors Investment Corp. (NYSE:TWO) is ranked high among the best penny stocks to buy now.
Wall Street is positive on Two Harbors Investment Corp. (NYSE:TWO). On October 5, RBC Capital analyst Kenneth Lee revised his price target on Two Harbors Investment Corp. (NYSE:TWO) to $4.50 from $5.50 and maintained an Outperform rating on the shares.
At the end of Q2 2022, 30 hedge funds were bullish on Two Harbors Investment Corp. (NYSE:TWO) and held stakes worth $143.4 million in the company. This is compared to 31 positions in the previous quarter with stakes of $123 million. As of June 30, Citadel Investment Group is the top investor in Two Harbors Investment Corp. (NYSE:TWO) and has stakes of $15.2 million in the company.

You can also take a look at 12 Best Income Stocks To Invest In and 12 Best Momentum Stocks To Buy.

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