Sculptor Capital Management Inc. (NYSE:SCU) shares traded -1.00% lower at $10.86 on Wall Street last session.
In accordance with the data, 1 analysts cover Sculptor Capital Management Inc. (NYSE:SCU). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $17.00, we find $17.00. Given the previous closing price of $10.97, this indicates a potential upside of 54.97 percent. SCU stock price is now 20.65% away from the 50-day moving average and 19.42% away from the 200-day moving average. The market capitalization of the company currently stands at $635.09M.
It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $17.00 as their price target over the next twelve months.
With the price target enhanced from $8.50 to $12.50, Credit Suisse Upgraded its rating from Neutral to Outperform for Sculptor Capital Management Inc. (NYSE: SCU).
In other news, Sculptor Capital Management, I, 10% Owner sold 1,882 shares of the company’s stock on Mar 03. The stock was sold for $20,702 at an average price of $11.00. Upon completion of the transaction, the 10% Owner now directly owns 44,943 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, 10% Owner Sculptor Capital Management, I sold 7,526 shares of the business’s stock. A total of $84,216 was realized by selling the stock at an average price of $11.19. This leaves the insider owning 45,225 shares of the company worth $0.49 million. Insiders disposed of 758,420 shares of company stock worth roughly $8.24 million over the past 1 year. A total of 20.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SCU stock. A new stake in Sculptor Capital Management Inc. shares was purchased by TERRAPIN ASSET MANAGEMENT, LLC during the first quarter worth $4,267,000. RMB CAPITAL MANAGEMENT, LLC invested $567,000 in shares of SCU during the first quarter. In the first quarter, CIM INVESTMENT MANAGEMENT INC acquired a new stake in Sculptor Capital Management Inc. valued at approximately $238,000. PDT PARTNERS, LLC acquired a new stake in SCU for approximately $148,000. AJ WEALTH STRATEGIES, LLC purchased a new stake in SCU valued at around $124,000 in the second quarter. In total, there are 128 active investors with 42.50% ownership of the company’s stock.
Sculptor Capital Management Inc. (NYSE: SCU) opened at $10.92 on Tuesday. During the past 12 months, Sculptor Capital Management Inc. has had a low of $7.93 and a high of $11.40. The fifty day moving average price for SCU is $9.06 and a two-hundred day moving average price translates $9.09 for the stock.
The latest earnings results from Sculptor Capital Management Inc. (NYSE: SCU) was released for Mar, 2023. According to the Asset Management Company, earnings per share came in at $0.25, missing analysts’ expectations of $0.28 by -0.03. This compares to -$0.29 EPS in the same period last year. The net profit margin was -4.70% and return on equity was 37.80% for SCU. The company reported revenue of $113.23 million for the quarter, compared to $97.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.32 percent. For the current quarter, analysts expect SCU to generate $76.78M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/23/2023. Investors who held shares on 05/16/2023 were paid a $0.06 dividend. On an annualized basis, this represents a $0.40 dividend and a 3.68% percent yield. There was an ex-dividend date of 05/15/2023 for this dividend.
Sculptor Capital Management Inc.(SCU) Company Profile
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. The firm also manages separate client-focused equity, fixed income, and real estate separate accounts. It also manages commingled funds and specialized products. The firm invests in equity, fixed income and real estate markets across the world. It employs quantitative and qualitative analysis to make its investments through a combination of fundamental bottom-up research, a high degree of flexibility, and integrated risk management. For its multi-strategy portfolios, the firm employs strategies like convertible and derivative arbitrage, corporate credit, long/short equity special situations, buyout investments, merger arbitrage, private investments, and structured credit. It also invests in real estate and traditional real estate assets including multifamily, office, hotel and retail, loans, portfolio acquisitions, loan pools, operating companies, structured debt products, public securities, and non-traditional real estate assets including gaming, distressed land and residential, cell towers, parking, golf, debt and senior housing. For private equity investments, it considers investments in a variety of special situations that seek to realize value through strategic sales or initial public offerings. The firm was previously known as Och-Ziff Capital Management Group Inc. Sculptor Capital Management, Inc. was founded in 1994 and is based New York, New York.
