Sculptor Capital Management, Inc. (NYSE:SCU) Declares Dividend Increase – $0.13 Per Share

Sculptor Capital Management, Inc. (NYSE:SCUGet Rating) announced a quarterly dividend on Wednesday, August 3rd, Zacks reports. Investors of record on Monday, August 15th will be given a dividend of 0.13 per share on Monday, August 22nd. This represents a $0.52 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Friday, August 12th. This is an increase from Sculptor Capital Management’s previous quarterly dividend of $0.11.

Sculptor Capital Management Trading Down 2.5 %

Shares of SCU traded down $0.24 during mid-day trading on Friday, hitting $9.28. The company had a trading volume of 811 shares, compared to its average volume of 115,553. The business’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $12.25. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. Sculptor Capital Management has a 1-year low of $7.90 and a 1-year high of $28.90. The stock has a market cap of $598.10 million, a PE ratio of -4.49 and a beta of 1.74.

Sculptor Capital Management (NYSE:SCUGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $90.77 million for the quarter, compared to analysts’ expectations of $88.00 million. Sculptor Capital Management had a net margin of 4.24% and a return on equity of 10.47%. Sell-side analysts forecast that Sculptor Capital Management will post 2.45 earnings per share for the current year.

Insider Buying and Selling at Sculptor Capital Management

In other Sculptor Capital Management news, major shareholder Sculptor Capital Management, I sold 116,540 shares of Sculptor Capital Management stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $9.08, for a total transaction of $1,058,183.20. Following the transaction, the insider now directly owns 3,374 shares of the company’s stock, valued at $30,635.92. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 131,240 shares of company stock valued at $1,153,718 over the last ninety days. Corporate insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Sculptor Capital Management by 22.3% in the 1st quarter. JPMorgan Chase & Co. now owns 552,500 shares of the company’s stock valued at $7,697,000 after buying an additional 100,873 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sculptor Capital Management by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 165,691 shares of the company’s stock valued at $2,308,000 after buying an additional 995 shares during the last quarter. American Century Companies Inc. boosted its position in Sculptor Capital Management by 13.4% in the 1st quarter. American Century Companies Inc. now owns 109,794 shares of the company’s stock valued at $1,529,000 after buying an additional 12,986 shares during the last quarter. MetLife Investment Management LLC boosted its position in Sculptor Capital Management by 52.6% in the 1st quarter. MetLife Investment Management LLC now owns 12,461 shares of the company’s stock valued at $174,000 after buying an additional 4,296 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Sculptor Capital Management by 3.5% in the 1st quarter. Rhumbline Advisers now owns 28,994 shares of the company’s stock valued at $404,000 after buying an additional 974 shares during the last quarter. 25.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price target on shares of Sculptor Capital Management from $33.50 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th.

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.

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Dividend History for Sculptor Capital Management (NYSE:SCU)

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