Oppenheimer Holdings Inc. (NYSE:OPY) Insider Sells $307,680.00 in Stock

Oppenheimer Holdings Inc. (NYSE:OPY) 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) 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

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.45%. Oppenheimer’s dividend payout ratio (DPR) is currently 16.17%.

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.

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.