Insider Selling: Sculptor Capital Management (NYSE:SCU) Insider Sells 2,868 Shares of Stock

Sculptor Capital Management (NYSE:SCU) insider David Michael Levine sold 2,868 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $11.91, for a total transaction of $34,157.88. Following the completion of the sale, the insider now owns 2,868 shares of the company’s stock, valued at $34,157.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SCU stock remained flat at $$11.98 during mid-day trading on Wednesday. 61,555 shares of the company’s stock traded hands, compared to its average volume of 136,178. The business has a fifty day simple moving average of $13.02 and a 200 day simple moving average of $13.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.86. The firm has a market cap of $661.73 million, a PE ratio of -3.48 and a beta of 1.12. Sculptor Capital Management has a 1 year low of $8.86 and a 1 year high of $28.85.

Sculptor Capital Management (NYSE:SCU) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.37. The firm had revenue of $97.11 million during the quarter, compared to the consensus estimate of $75.08 million. Sculptor Capital Management had a negative net margin of 5.18% and a positive return on equity of 65.07%. Sell-side analysts predict that Sculptor Capital Management will post 1.36 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new position in shares of Sculptor Capital Management during the second quarter worth approximately $211,000. Deutsche Bank AG increased its holdings in shares of Sculptor Capital Management by 323.4% during the first quarter. Deutsche Bank AG now owns 33,548 shares of the company’s stock worth $454,000 after purchasing an additional 25,624 shares during the period. Victory Capital Management Inc. bought a new position in shares of Sculptor Capital Management during the first quarter worth approximately $100,000. Geode Capital Management LLC increased its holdings in shares of Sculptor Capital Management by 14.6% during the first quarter. Geode Capital Management LLC now owns 251,785 shares of the company’s stock worth $3,409,000 after purchasing an additional 32,029 shares during the period. Finally, State Street Corp increased its holdings in shares of Sculptor Capital Management by 6.8% during the first quarter. State Street Corp now owns 312,121 shares of the company’s stock worth $4,226,000 after purchasing an additional 19,765 shares during the period. Hedge funds and other institutional investors own 21.60% of the company’s stock.

Several equities research analysts recently issued reports on SCU shares. Zacks Investment Research upgraded shares of Sculptor Capital Management from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, August 12th. Credit Suisse Group started coverage on shares of Sculptor Capital Management in a research note on Monday, June 22nd. They issued a “neutral” rating and a $15.00 target price for the company. Finally, ValuEngine upgraded shares of Sculptor Capital Management from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.50.

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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