EAM Investors LLC Takes $1.08 Million Position in Oppenheimer Holdings Inc. (NYSE:OPY)

EAM Investors LLC bought a new stake in Oppenheimer Holdings Inc. (NYSE:OPY) in the fourth quarter, HoldingsChannel reports. The fund bought 16,843 shares of the financial services provider’s stock, valued at approximately $1,079,000.

Other hedge funds have also modified their holdings of the company. Royce & Associates LP purchased a new position in shares of Oppenheimer in the 4th quarter valued at approximately $2,403,000. Arbiter Partners Capital Management LLC grew its stake in Oppenheimer by 117.0% in the 4th quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider’s stock valued at $3,184,000 after acquiring an additional 26,783 shares during the last quarter. American Century Companies Inc. grew its position in shares of Oppenheimer by 16.0% in the fourth quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider’s stock valued at $12,431,000 after purchasing an additional 26,686 shares during the last quarter. Vanguard Group Inc. increased its position in Oppenheimer by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider’s stock worth $24,724,000 after buying an additional 20,937 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Oppenheimer by 403.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock worth $878,000 after purchasing an additional 13,747 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

Oppenheimer Trading Down 0.8 %

OPY stock opened at $55.67 on Thursday. The business has a fifty day simple moving average of $60.37 and a 200-day simple moving average of $60.65. The company has a market cap of $585.93 million, a price-to-earnings ratio of 8.74 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a 52 week low of $36.93 and a 52 week high of $73.12.

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

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given 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 1.29%. Oppenheimer’s payout ratio is currently 11.30%.

Analysts Set New Price Targets

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

Oppenheimer Profile

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.