Scully Royalty (NYSE:SRL) Shares Cross Below 50 Day Moving Average of $8.02

Scully Royalty Ltd. (NYSE:SRL – Get Rating) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.02 and traded as low as $6.49. Scully Royalty shares last traded at $6.64, with a volume of 4,803 shares changing hands.

Scully Royalty Stock Performance

The company has a current ratio of 8.33, a quick ratio of 8.27 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $8.02 and a two-hundred day moving average of $7.84.

Hedge Funds Weigh In On Scully Royalty

Large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Scully Royalty by 52.3% during the 3rd quarter. UBS Group AG now owns 3,783 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,299 shares in the last quarter. Captrust Financial Advisors bought a new position in Scully Royalty during the 2nd quarter worth approximately $59,000. Ronald Blue Trust Inc. bought a new position in Scully Royalty during the 2nd quarter worth approximately $1,352,000. Royal Bank of Canada grew its position in Scully Royalty by 24.1% during the 1st quarter. Royal Bank of Canada now owns 235,811 shares of the financial services provider’s stock worth $2,316,000 after acquiring an additional 45,776 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. grew its position in Scully Royalty by 6.2% during the 3rd quarter. Iat Reinsurance Co. LTD. now owns 3,416,664 shares of the financial services provider’s stock worth $25,283,000 after acquiring an additional 200,000 shares during the last quarter. 39.96% of the stock is owned by hedge funds and other institutional investors.

Scully Royalty Company Profile

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Scully Royalty Ltd. is a merchant bank company, which provides financial services and facilitates structured trade for corporations and institutions. It operates through the following segments: Iron Ore Royalty, Industrial Equity, Merkanti Holding, and All Other. The Iron Ore segment Royalty includes interest in an iron ore mine.