Sculptor Capital Management (NYSE:SCU) Raises Dividend to $0.53 Per Share

Sculptor Capital Management (NYSE:SCU) declared a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.53 per share on Tuesday, March 3rd. This represents a $2.12 annualized dividend and a yield of 7.69%. The ex-dividend date is Monday, February 24th. This is an increase from Sculptor Capital Management’s previous quarterly dividend of $0.03.

SCU stock traded up $1.03 on Friday, hitting $27.56. 165,692 shares of the company were exchanged, compared to its average volume of 175,890. Sculptor Capital Management has a twelve month low of $12.13 and a twelve month high of $28.48. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day simple moving average of $22.91. The firm has a market cap of $1.39 billion, a PE ratio of 1,378.69 and a beta of 1.10.

Sculptor Capital Management (NYSE:SCU) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.10). Sculptor Capital Management had a positive return on equity of 87.04% and a negative net margin of 8.39%. Sell-side analysts predict that Sculptor Capital Management will post 2.09 earnings per share for the current year.

In other news, major shareholder Abrams Capital Management, L.P sold 165,000 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $21.15, for a total value of $3,489,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Georganne Proctor sold 2,413 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $17.55, for a total transaction of $42,348.15. Following the completion of the sale, the director now directly owns 22,348 shares of the company’s stock, valued at approximately $392,207.40. The disclosure for this sale can be found here. 60.59% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Sculptor Capital Management from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, January 14th. Citigroup dropped their price objective on shares of Sculptor Capital Management from $48.00 to $46.50 and set a “buy” rating for the company in a research report on Friday. Finally, ValuEngine lowered shares of Sculptor Capital Management from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 18th.

About Sculptor Capital Management

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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