Oppenheimer Holdings Inc. (NYSE:OPY) Sees Significant Decrease in Short Interest

Oppenheimer Holdings Inc. (NYSE:OPY) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 32,800 shares, a decrease of 16.1% from the January 31st total of 39,100 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Oppenheimer

Hedge funds have recently made changes to their positions in the business. State of Wyoming raised its stake in shares of Oppenheimer by 10.9% during the 4th quarter. State of Wyoming now owns 4,403 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 431 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Oppenheimer by 10.7% during the 4th quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 666 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in Oppenheimer by 3.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 822 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Oppenheimer by 3.3% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider’s stock valued at $1,748,000 after buying an additional 866 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Oppenheimer in the fourth quarter valued at approximately $77,000. 32.26% of the stock is owned by institutional investors.

Oppenheimer Trading Up 0.5 %

Shares of NYSE OPY traded up $0.32 during midday trading on Wednesday, hitting $63.44. The stock had a trading volume of 19,456 shares, compared to its average volume of 22,637. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. Oppenheimer has a fifty-two week low of $36.93 and a fifty-two week high of $73.12. The firm has a market cap of $655.40 million, a P/E ratio of 9.96 and a beta of 1.14. The company’s 50-day simple moving average is $66.21 and its 200 day simple moving average is $59.17.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Oppenheimer’s payout ratio is presently 11.30%.

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.