Sculptor Capital Management (NYSE:SCU) Given Consensus Rating of “Buy” by Brokerages

Sculptor Capital Management (NYSE:SCU) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 12 month consensus price objective of $32.00 for the company and are forecasting that the company will post $0.93 earnings per share for the current quarter, according to Zacks. Zacks has also given Sculptor Capital Management an industry rank of 137 out of 255 based on the ratings given to related companies.

A number of analysts have issued reports on SCU shares. Zacks Investment Research downgraded Sculptor Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. ValuEngine upgraded Sculptor Capital Management from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th.

In related news, insider David Michael Levine sold 2,801 shares of Sculptor Capital Management stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $22.14, for a total value of $62,014.14. Also, Director Georganne Proctor sold 2,413 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $17.55, for a total value of $42,348.15. Following the sale, the director now directly owns 22,348 shares in the company, valued at $392,207.40. The disclosure for this sale can be found here. 60.59% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Guinness Asset Management Ltd purchased a new position in shares of Sculptor Capital Management during the 3rd quarter worth about $45,000. Tower Research Capital LLC TRC purchased a new stake in Sculptor Capital Management in the 3rd quarter worth about $64,000. Metropolitan Life Insurance Co NY bought a new stake in Sculptor Capital Management in the third quarter worth about $142,000. Nisa Investment Advisors LLC bought a new stake in Sculptor Capital Management in the third quarter worth about $173,000. Finally, Searle & CO. bought a new stake in Sculptor Capital Management in the third quarter worth about $258,000. 19.88% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SCU traded down $0.25 during mid-day trading on Wednesday, reaching $21.03. The stock had a trading volume of 160,200 shares, compared to its average volume of 142,750. The firm has a market cap of $1.06 billion, a P/E ratio of 17.97 and a beta of 1.07. The business has a 50 day moving average of $18.06. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.55 and a current ratio of 1.55. Sculptor Capital Management has a 1 year low of $8.60 and a 1 year high of $25.49.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, November 15th. Sculptor Capital Management’s payout ratio is 10.26%.

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.

Further Reading: Hedge Funds – How They Work For Investors

Get a free copy of the Zacks research report on Sculptor Capital Management (SCU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sculptor Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sculptor Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.