Sculptor Capital Management (NYSE:SCU) Sets New 1-Year Low on Insider Selling


Sculptor Capital Management, Inc. (NYSE:SCU – Get Rating)’s share price hit a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as $7.91 and last traded at $8.34, with a volume of 10303 shares changing hands. The stock had previously closed at $8.33.

Specifically, major shareholder Sculptor Capital Management, I sold 8,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $6.25, for a total value of $54,375.00. Following the completion of the sale, the insider now owns 63,683 shares of the company’s stock, valued at $398,018.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 131,240 shares of company stock worth $1,153,718 in the last quarter. Company insiders own 13.83% of the company’s stock.

Separately, Citigroup cut their price target on Sculptor Capital Management from $33.50 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th.

The firm has a market capitalization of $558.10 million, a PE ratio of -10.69 and a beta of 1.74. The business has a 50-day moving average of $10.34 and a 200-day moving average of $13.65. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.86.

Sculptor Capital Management (NYSE:SCU – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Sculptor Capital Management had a net margin of 9.08% and a return on equity of 19.54%. The business had revenue of $90.77 million for the quarter, compared to analysts’ expectations of $88.00 million. On average, sell-side analysts expect that Sculptor Capital Management, Inc. will post 2.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 18th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Tuesday, May 17th. Sculptor Capital Management’s payout ratio is -54.32%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Optimum Investment Advisors increased its position in shares of Sculptor Capital Management by 100.0% during the fourth quarter. Optimum Investment Advisors now owns 2,000 shares of the company’s stock valued at $43,000 after acquiring an additional 1,000 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Sculptor Capital Management in the 1st quarter worth about $37,000. First Quadrant LLC CA purchased a new position in shares of Sculptor Capital Management in the 1st quarter worth about $41,000. Advisor Group Holdings Inc. increased its holdings in shares of Sculptor Capital Management by 612.5% ​​in the 4th quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the company’s stock worth $210,000 after buying an additional 8,447 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Sculptor Capital Management in the 1st quarter worth about $149,000. 25.28% of the stock is owned by institutional investors.

About Sculptor Capital Management (NYSE:SCU)

Sculptor Capital Management, Inc is a publicly owned hedge fund sponsor. The firm provides investment advisory services to its clients. It primarily caters to institutional investors, which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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