Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Up 90.2% in May

Oppenheimer Holdings Inc. (NYSE:OPY) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 81,800 shares, an increase of 90.2% from the May 15th total of 43,000 shares. Based on an average daily volume of 42,100 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the company are short sold.

Oppenheimer Price Performance

Shares of OPY traded down $0.24 during midday trading on Monday, hitting $62.21. The company’s stock had a trading volume of 34,822 shares, compared to its average volume of 37,065. Oppenheimer has a one year low of $44.59 and a one year high of $73.12. The company’s fifty day simple moving average is $60.62 and its two-hundred day simple moving average is $62.72. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $654.71 million, a price-to-earnings ratio of 9.77 and a beta of 1.22.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%. The business had revenue of $367.83 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, May 9th. Oppenheimer’s payout ratio is 10.71%.

Insider Buying and Selling

In other Oppenheimer news, Director Paul M. Friedman sold 3,500 shares of Oppenheimer stock in a transaction on Monday, June 9th. The stock was sold at an average price of $63.32, for a total value of $221,620.00. Following the completion of the transaction, the director now directly owns 20,500 shares of the company’s stock, valued at $1,298,060. The trade was a 14.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oppenheimer

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Oppenheimer by 1.5% during the first quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider’s stock worth $23,341,000 after purchasing an additional 5,666 shares during the period. American Century Companies Inc. raised its position in shares of Oppenheimer by 17.2% during the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider’s stock worth $13,559,000 after purchasing an additional 33,433 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Oppenheimer by 3.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider’s stock worth $5,804,000 after purchasing an additional 3,119 shares during the period. Royce & Associates LP raised its position in shares of Oppenheimer by 114.8% during the first quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider’s stock worth $4,803,000 after purchasing an additional 43,050 shares during the period. Finally, TCW Group Inc. raised its position in shares of Oppenheimer by 3.5% during the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider’s stock worth $5,082,000 after purchasing an additional 2,700 shares during the period. 32.26% of the stock is owned by institutional investors and hedge funds.

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.