Oppenheimer Holdings, Inc. (NYSE:OPY) Sees Large Decline in Short Interest

Oppenheimer Holdings, Inc. (NYSE:OPY) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 20,775 shares, a drop of 40.4% from the January 15th total of 34,873 shares. Based on an average daily trading volume, of 45,169 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 45,169 shares, the days-to-cover ratio is currently 0.5 days.

Oppenheimer Trading Down 0.8%

Shares of NYSE:OPY traded down $0.72 during trading on Friday, reaching $85.76. 43,950 shares of the stock were exchanged, compared to its average volume of 55,477. Oppenheimer has a 12 month low of $49.26 and a 12 month high of $94.10. The stock has a 50-day moving average price of $77.94 and a 200-day moving average price of $73.39. The firm has a market cap of $902.20 million, a PE ratio of 6.58 and a beta of 1.20.

Oppenheimer (NYSE:OPY) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. The business had revenue of $472.63 million during the quarter. Oppenheimer had a return on equity of 16.55% and a net margin of 9.06%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, February 13th. Oppenheimer’s payout ratio is 5.52%.

Analyst Upgrades and Downgrades

OPY has been the subject of a number of analyst reports. Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a research report on Wednesday, January 7th. Wall Street Zen downgraded Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Trading of Oppenheimer

Several large investors have recently modified their holdings of OPY. State of Alaska Department of Revenue bought a new stake in Oppenheimer during the 3rd quarter worth $31,000. Torren Management LLC acquired a new position in Oppenheimer in the 4th quarter valued at approximately $38,000. Clearstead Advisors LLC raised its stake in shares of Oppenheimer by 193.9% during the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 415 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Oppenheimer during the second quarter valued at $49,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Oppenheimer during the fourth quarter worth $80,000. 32.26% of the stock is owned by institutional investors and hedge funds.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.