Sculptor Capital Management (NYSE:SCU) Shares Gap Down to $9.39

Shares of Sculptor Capital Management, Inc. (NYSE:SCU – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $9.39, but opened at $9.10. Sculptor Capital Management shares last traded at $9.10, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

Separately, Credit Suisse Group upgraded Sculptor Capital Management from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $8.50 to $12.50 in a research report on Monday, November 21st.

Sculptor Capital Management Price Performance

The business has a 50-day simple moving average of $9.35 and a 200 day simple moving average of $9.37. The stock has a market cap of $547.95 million, a P/E ratio of -3.08 and a beta of 1.67. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.74.

Sculptor Capital Management (NYSE:SCU – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.01 EPS for the quarter. Sculptor Capital Management had a return on equity of 1.44% and a net margin of 1.16%. The firm had revenue of $71.45 million for the quarter. On average, analysts forecast that Sculptor Capital Management, Inc. will post 1.44 earnings per share for the current year.

Sculptor Capital Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 21st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Friday, November 18th. Sculptor Capital Management’s dividend payout ratio is -1.41%.

Insider Activity

In other news, COO Wayne Cohen sold 3,000 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $9.46, for a total value of $28,380.00. Following the transaction, the chief operating officer now directly owns 558,493 shares of the company’s stock, valued at approximately $5,283,343.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Wayne Cohen sold 3,000 shares of the business’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $9.46, for a total value of $28,380.00. Following the transaction, the chief operating officer now directly owns 558,493 shares of the company’s stock, valued at approximately $5,283,343.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sculptor Capital Management, I sold 42,482 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $0.70, for a total value of $29,737.40. Following the completion of the transaction, the insider now directly owns 8,904,186 shares in the company, valued at $6,232,930.20. The disclosure for this sale can be found here. Insiders have sold 223,771 shares of company stock valued at $273,553 in the last ninety days. 27.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Sculptor Capital Management by 3.5% during the 1st quarter. Rhumbline Advisers now owns 28,994 shares of the company’s stock worth $404,000 after buying an additional 974 shares during the period. Bank of New York Mellon Corp raised its stake in Sculptor Capital Management by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 165,691 shares of the company’s stock worth $2,308,000 after buying an additional 995 shares during the period. American International Group Inc. raised its stake in Sculptor Capital Management by 11.6% during the 2nd quarter. American International Group Inc. now owns 12,283 shares of the company’s stock worth $103,000 after buying an additional 1,278 shares during the period. State Street Corp raised its stake in Sculptor Capital Management by 0.6% during the 2nd quarter. State Street Corp now owns 397,835 shares of the company’s stock worth $3,322,000 after buying an additional 2,537 shares during the period. Finally, Amalgamated Bank acquired a new position in Sculptor Capital Management during the 1st quarter worth approximately $37,000. 17.17% of the stock is owned by institutional investors and hedge funds.

About Sculptor Capital Management

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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.