Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Update

Oppenheimer Holdings Inc. (NYSE:OPY) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 45,000 shares, a growth of 30.1% from the March 31st total of 34,600 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company’s stock are sold short.

Oppenheimer Stock Up 2.1 %

OPY stock opened at $61.26 on Friday. Oppenheimer has a 12 month low of $40.83 and a 12 month high of $73.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The company has a market cap of $644.76 million, a price-to-earnings ratio of 9.62 and a beta of 1.10. The company has a fifty day moving average price of $58.87 and a 200 day moving average price of $61.50.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%. The firm had revenue of $367.83 million for the quarter.

Oppenheimer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, May 9th. This represents a $0.72 annualized dividend and a yield of 1.18%. Oppenheimer’s dividend payout ratio is currently 10.71%.

Institutional Trading of Oppenheimer

Several hedge funds have recently modified their holdings of the business. Beverly Hills Private Wealth LLC raised its position in Oppenheimer by 6.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 29,030 shares of the financial services provider’s stock worth $1,731,000 after acquiring an additional 1,759 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Oppenheimer by 8,364.5% during the first quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 2,593 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Oppenheimer during the 4th quarter worth about $77,000. State of Wyoming lifted its holdings in Oppenheimer by 10.9% in the 4th quarter. State of Wyoming now owns 4,403 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 431 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Oppenheimer during the 4th quarter worth about $227,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd.

About Oppenheimer

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.