Short-term stake in Sculptor Capital Management, Inc. (NYSE:SCU) increases 70.5%

Sculptor Capital Management, Inc. (NYSE: SCU) was the target of a significant increase in short interest in December. As of December 31, there was short interest totaling 599,800 shares, an increase of 70.5% from the total of 351,700 shares as of December 15. Based on an average daily trading volume of 338,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.3% of the stock’s shares are sold short.

Shares of SCU opened at $20.99 on Friday. Sculptor Capital Management has a 12 month minimum of $15.99 and a 12 month maximum of $28.90. The company has a current ratio of 4.81, a quick ratio of 4.81 and a debt ratio of 1.22. The company has a market capitalization of $1.19 billion, a PE ratio of 4.89 and a beta of 1.43. The stock has a fifty-day moving average price of $20.49 and a 200-day moving average price of $24.10.

Sculptor Capital Management (NYSE:SCU) last released its quarterly earnings data on Wednesday, November 3. The company reported earnings per share of $0.58 for the quarter, beating the Zacks consensus estimate of $0.47 by $0.11. Sculptor Capital Management achieved a return on equity of 122.79% and a net margin of 22.10%. The company posted revenue of $100.49 million for the quarter, compared to $95.50 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.56. As a group, research analysts expect Sculptor Capital Management to post EPS of 3.64 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 22. Shareholders of record on Monday, November 15 received a dividend of $0.28 per share. The ex-dividend date was Friday, November 12. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 5.34%. Sculptor Capital Management’s payout ratio is currently 26.11%.

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A number of stock analysts have published reports on the company. Citigroup lowered its price target on Sculptor Capital Management from $55.00 to $43.50 and set a “buy” rating for the company in a Friday, November 5 report. Zacks Investment Research cut shares of Sculptor Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a price target of $26.00 on shares of Sculptor Capital Management in a Thursday, November 4 research report.

In other news, Insider David Michael Levin sold 15,559 shares of the company in a trade dated Wednesday, January 5. The stock was sold at an average price of $21.42, for a total value of $333,273.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Also, COO wayne cohen sold 8,607 shares in a transaction dated Wednesday, January 5. The shares were sold at an average price of $21.46, for a total value of $184,706.22. Disclosure of this sale can be found here. 13.83% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently changed their stock holdings. BlackRock Inc. increased its stake in Sculptor Capital Management by 2.4% during the third quarter. BlackRock Inc. now owns 1,574,082 shares of the company valued at $43,900,000 after purchasing an additional 36,932 shares during the period. Vanguard Group Inc. increased its stake in Sculptor Capital Management by 10.0% during the second quarter. Vanguard Group Inc. now owns 939,637 shares of the company valued at $23,106,000 after purchasing an additional 85,097 shares during the period. Lord Abbett & CO. LLC increased its stake in Sculptor Capital Management by 2.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 797,578 shares of the company valued at $19,612,000 after purchasing an additional 21,700 shares during the period. Russell Investments Group Ltd. increased its stake in Sculptor Capital Management by 928.3% during the third quarter. Russell Investments Group Ltd. now owns 432,547 shares of the company valued at $12,059,000 after purchasing an additional 390,482 shares during the period. Finally, Bank of America Corp DE increased its stake in Sculptor Capital Management by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 370,428 shares of the company valued at $9,109,000 after purchasing an additional 3,690 shares during the period. 25.77% of the shares are currently held by institutional investors.

About Sculptor Capital Management

Sculptor Capital Management, Inc is a global alternative asset management firm that offers investment products in a range of areas, including multi-strategy, credit and real estate. The company serves global clients through combined funds, separate accounts and specialty products. Its distinct investment process aims to generate attractive and consistent risk-adjusted returns through market cycles through a combination of bottom-up fundamental research, a high degree of flexibility, a collaborative team and integrated risk management.

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