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

Oppenheimer Holdings Inc. (NYSE:OPY) was the recipient of a significant decline in short interest in 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 shares of the stock are sold short. Based on an average daily volume of 30,300 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Oppenheimer

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 3,115 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Oppenheimer by 140.1% during the third quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Oppenheimer during the third quarter valued at $290,000. Jane Street Group LLC acquired a new position in Oppenheimer during the third quarter valued at $319,000. Finally, Bank of Montreal Can purchased a new stake in Oppenheimer in the 2nd quarter worth about $367,000. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Price Performance

OPY stock traded down $0.42 during trading hours on Tuesday, hitting $64.43. 4,587 shares of the stock traded hands, compared to its average volume of 36,266. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $60.73 and a 200 day simple moving average of $53.87. Oppenheimer has a one year low of $36.93 and a one year high of $70.25. The company has a market cap of $665.63 million, a P/E ratio of 10.02 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last released its 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 during the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.12%. Oppenheimer’s payout ratio is presently 11.20%.

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.