Short Interest in Oppenheimer Holdings Inc. (NYSE:OPY) Expands By 21.1%

Oppenheimer Holdings Inc. (NYSE:OPY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 40,100 shares, a growth of 21.1% from the June 30th total of 33,100 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,800 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Oppenheimer Stock Down 8.6 %

Shares of OPY traded down $5.00 during trading hours on Friday, hitting $52.94. The company had a trading volume of 138,597 shares, compared to its average volume of 46,889. The company has a market capitalization of $546.87 million, a PE ratio of 14.27 and a beta of 1.16. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.14. Oppenheimer has a one year low of $32.82 and a one year high of $58.35. The company’s fifty day moving average price is $48.27 and its two-hundred day moving average price is $42.47.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, July 26th. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%. The firm had revenue of $330.59 million for the quarter.

Oppenheimer Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors 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 annualized dividend and a yield of 1.36%. Oppenheimer’s dividend payout ratio (DPR) is 16.17%.

Insider Buying and Selling at Oppenheimer

In other Oppenheimer news, Director Evan Behrens sold 4,125 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $43.65, for a total transaction of $180,056.25. Following the completion of the transaction, the director now owns 4,875 shares in the company, valued at approximately $212,793.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.49% of the stock is currently owned by company insiders.

Institutional Trading of Oppenheimer

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Oppenheimer in the 1st quarter worth about $1,293,000. Quadrature Capital Ltd raised its stake in shares of Oppenheimer by 31.3% in the fourth quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 3,308 shares in the last quarter. Watershed Asset Management L.L.C. acquired a new stake in shares of Oppenheimer in the fourth quarter valued at $277,000. Quest Partners LLC acquired a new stake in shares of Oppenheimer in the fourth quarter valued at $360,000. Finally, Citigroup Inc. raised its stake in Oppenheimer by 2,291.1% in the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,031 shares in the last quarter. Hedge funds and other 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.