Oppenheimer (NYSE:OPY) Reaches New 52-Week High at $48.86

Oppenheimer Holdings Inc. (NYSE:OPY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $48.86 and last traded at $48.60, with a volume of 94990 shares traded. The stock had previously closed at $47.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Oppenheimer Price Performance

The company has a 50-day moving average price of $44.66 and a two-hundred day moving average price of $41.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.77. The company has a market cap of $510.10 million, a PE ratio of 13.34 and a beta of 1.16.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, April 26th. The financial services provider reported $2.37 earnings per share for the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%. The company had revenue of $353.14 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 9th. Oppenheimer’s dividend payout ratio is currently 16.17%.

Insider Activity at Oppenheimer

In related news, Director Evan Behrens sold 4,125 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $43.65, for a total value of $180,056.25. Following the completion of the transaction, the director now owns 4,875 shares of the company’s stock, valued at $212,793.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 34.35% of the stock is currently owned by company insiders.

Institutional Trading of Oppenheimer

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its position in Oppenheimer by 108.1% in the 3rd quarter. GSA Capital Partners LLP now owns 30,015 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 15,595 shares during the period. Citigroup Inc. increased its position in shares of Oppenheimer by 2,291.1% during the 3rd quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,031 shares during the period. Profit Investment Management LLC increased its position in shares of Oppenheimer by 8.5% during the 4th quarter. Profit Investment Management LLC now owns 75,538 shares of the financial services provider’s stock valued at $3,121,000 after purchasing an additional 5,910 shares during the period. Beverly Hills Private Wealth LLC acquired a new position in shares of Oppenheimer during the 4th quarter valued at $206,000. Finally, Watershed Asset Management L.L.C. acquired a new position in shares of Oppenheimer during the 4th quarter valued at $277,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

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.