Oppenheimer Holdings Inc. (NYSE:OPY – Get Free Report) insider Dennis P. Mcnamara sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total value of $307,680.00. Following the completion of the sale, the insider now directly owns 20,681 shares of the company’s stock, valued at $1,060,521.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Oppenheimer Stock Performance
OPY opened at $49.49 on Friday. Oppenheimer Holdings Inc. has a 12-month low of $32.82 and a 12-month high of $58.35. The stock has a market cap of $511.23 million, a price-to-earnings ratio of 13.34 and a beta of 1.16. The business has a 50 day moving average of $48.94 and a 200-day moving average of $42.89. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 0.14.
Oppenheimer (NYSE:OPY – Get Free Report) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. The company had revenue of $330.59 million during the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%.
Oppenheimer Cuts Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.
Read Our Latest Stock Analysis on OPY
Hedge Funds Weigh In On Oppenheimer
Large investors have recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Oppenheimer by 2,291.1% during the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,031 shares during the period. Innealta Capital LLC bought a new position in shares of Oppenheimer during the second quarter worth approximately $56,000. Beverly Hills Private Wealth LLC bought a new position in shares of Oppenheimer during the fourth quarter worth approximately $206,000. Watershed Asset Management L.L.C. bought a new position in shares of Oppenheimer during the fourth quarter worth approximately $277,000. Finally, Quest Partners LLC bought a new position in shares of Oppenheimer during the fourth quarter worth approximately $360,000. Institutional investors own 32.26% of the company’s stock.
Oppenheimer Company 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.
Recommended Stories
- Five stocks we like better than Oppenheimer
- What is a Special Dividend?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- The How and Why of Investing in Gold Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What Does a Stock Split Mean?
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for Oppenheimer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oppenheimer and related companies with MarketBeat.com's FREE daily email newsletter.