Sculptor Capital Management, Inc. (NYSE:SCU) to Post Q1 2023 Earnings of $0.23 Per Share, Jefferies Financial Group Forecasts

Posted by Defense World Staff on Apr 12th, 2023

Sculptor Capital Management, Inc. (NYSE:SCU – Get Rating) – Analysts at Jefferies Financial Group lowered their Q1 2023 earnings per share (EPS) estimates for shares of Sculptor Capital Management in a research report issued to clients and investors on Monday, April 10th. Jefferies Financial Group analyst G. O’hara now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.24. The consensus estimate for Sculptor Capital Management’s current full-year earnings is $2.27 per share. Jefferies Financial Group also issued estimates for Sculptor Capital Management’s Q2 2023 earnings at $0.32 EPS, Q3 2023 earnings at $0.41 EPS and FY2024 earnings at $3.28 EPS.

Separately, Credit Suisse Group boosted their price target on Sculptor Capital Management from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st.

Sculptor Capital Management Stock Performance

Shares of SCU opened at $8.52 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $8.92 and its 200-day moving average price is $9.23. Sculptor Capital Management has a 52 week low of $7.90 and a 52 week high of $12.74. The stock has a market cap of $537.61 million, a P/E ratio of -3.74 and a beta of 1.72.

Sculptor Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, March 14th were issued a $0.20 dividend. This is a positive change from Sculptor Capital Management’s previous quarterly dividend of $0.01. This represents a $0.80 dividend on an annualized basis and a yield of 9.39%. The ex-dividend date was Monday, March 13th. Sculptor Capital Management’s payout ratio is presently -35.09%.

Insider Buying and Selling

In related news, COO Wayne Cohen sold 3,940 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $8.81, for a total value of $34,711.40. Following the completion of the transaction, the chief operating officer now directly owns 533,859 shares in the company, valued at approximately $4,703,297.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Wayne Cohen sold 3,940 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $8.81, for a total value of $34,711.40. Following the completion of the transaction, the chief operating officer now directly owns 533,859 shares in the company, valued at approximately $4,703,297.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Sculptor Capital Management, I sold 7,526 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $11.19, for a total transaction of $84,215.94. Following the sale, the insider now owns 45,225 shares of the company’s stock, valued at $506,067.75. The disclosure for this sale can be found here. Insiders sold a total of 24,170 shares of company stock worth $233,552 in the last three months. Insiders own 27.23% of the company’s stock.

Institutional Investors Weigh In On Sculptor Capital Management

A number of hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in Sculptor Capital Management by 83.4% during the 1st quarter. Invesco Ltd. now owns 1,017,103 shares of the company’s stock valued at $14,168,000 after buying an additional 462,475 shares during the last quarter. Bank of America Corp DE raised its stake in Sculptor Capital Management by 7.8% during the 4th quarter. Bank of America Corp DE now owns 718,775 shares of the company’s stock valued at $6,225,000 after buying an additional 51,775 shares during the last quarter. Millennium Management LLC increased its stake in shares of Sculptor Capital Management by 17.0% in the 4th quarter. Millennium Management LLC now owns 569,928 shares of the company’s stock worth $4,936,000 after purchasing an additional 82,674 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sculptor Capital Management by 22.3% in the 1st quarter. JPMorgan Chase & Co. now owns 552,500 shares of the company’s stock worth $7,697,000 after purchasing an additional 100,873 shares in the last quarter. Finally, Algebris UK Ltd increased its stake in shares of Sculptor Capital Management by 122.3% in the 4th quarter. Algebris UK Ltd now owns 472,876 shares of the company’s stock worth $4,078,000 after purchasing an additional 260,117 shares in the last quarter. 17.17% of the stock is currently owned by hedge funds and other institutional investors.

Sculptor Capital Management Company Profile

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Sculptor Capital Management, Inc is a holding company, which engages in the provision of asset management services and investment products across Multi-Strategy, Credit, and Real Estate. It serves clients through commingled funds, separate accounts and specialized products, as well as sponsoring a special purpose acquisition vehicle.