Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Down 16.1% in February

Oppenheimer Holdings Inc. (NYSE:OPY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 32,800 shares, a decline of 16.1% from the January 31st total of 39,100 shares. Based on an average daily trading volume, of 26,500 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd.

Institutional Trading of Oppenheimer

A number of large investors have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Oppenheimer in the 4th quarter worth about $77,000. Tower Research Capital LLC TRC bought a new stake in shares of Oppenheimer in the 4th quarter valued at approximately $87,000. BNP Paribas Financial Markets boosted its holdings in shares of Oppenheimer by 3,146.5% in 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 during the period. Jump Financial LLC purchased a new position in shares of Oppenheimer in the 4th quarter worth approximately $205,000. Finally, Quest Partners LLC increased its position in shares of Oppenheimer by 140.1% during the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 2,375 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Price Performance

OPY traded up $0.37 on Friday, hitting $63.41. 30,474 shares of the company’s stock traded hands, compared to its average volume of 23,092. The company’s 50 day simple moving average is $66.21 and its 200-day simple moving average is $59.20. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Oppenheimer has a one year low of $36.93 and a one year high of $73.12. The firm has a market cap of $655.09 million, a price-to-earnings ratio of 9.95 and a beta of 1.12.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. Oppenheimer’s dividend payout ratio is currently 11.30%.

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.