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

Oppenheimer Holdings Inc. (NYSE:OPY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 24,800 shares, a decline of 13.6% from the November 30th total of 28,700 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 30,300 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Oppenheimer

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in Oppenheimer by 35.3% in the 2nd quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock worth $5,962,000 after purchasing an additional 32,444 shares during the last quarter. TCW Group Inc. increased its position in Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock valued at $3,919,000 after acquiring an additional 26,600 shares during the period. Bank of New York Mellon Corp raised its stake in Oppenheimer by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 297 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Oppenheimer during the 2nd quarter worth $1,197,000. Finally, Acadian Asset Management LLC grew its stake in shares of Oppenheimer by 74.8% in the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock worth $1,167,000 after purchasing an additional 10,433 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Oppenheimer Stock Down 0.6 %

OPY traded down $0.42 during trading on Tuesday, hitting $64.43. The company had a trading volume of 4,587 shares, compared to its average volume of 36,266. Oppenheimer has a 1-year low of $36.93 and a 1-year high of $70.25. 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 $665.63 million, a PE ratio of 10.02 and a beta of 1.14. The business has a 50-day moving average of $60.73 and a 200-day moving average of $53.87.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The business had revenue of $373.35 million for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. Oppenheimer’s dividend payout ratio (DPR) is 11.20%.

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.