Oppenheimer (NYSE:OPY) Sets New 1-Year High – Still a Buy?

Oppenheimer Holdings Inc. (NYSE:OPY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.07 and last traded at $71.81, with a volume of 2828 shares. The stock had previously closed at $71.34.

Oppenheimer Stock Up 1.3 %

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 firm has a market cap of $746.29 million, a PE ratio of 11.24 and a beta of 1.14. The business’s 50-day simple moving average is $64.59 and its 200 day simple moving average is $56.64.

Hedge Funds Weigh In On Oppenheimer

A number of large investors have recently bought and sold shares of OPY. 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 valued at $164,000 after buying an additional 3,115 shares in the last quarter. Quest Partners LLC lifted its position in 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 acquiring an additional 2,375 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Oppenheimer in the third quarter valued at approximately $290,000. Jane Street Group LLC purchased a new position in Oppenheimer in the third quarter worth $319,000. Finally, Bank of Montreal Can purchased a new position in Oppenheimer in the second quarter worth $367,000. Institutional investors own 32.26% of the company’s stock.

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.