Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Down 40.4% in January

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

Analyst Upgrades and Downgrades

Several research firms have commented on OPY. Wall Street Zen cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Cantor Fitzgerald cut shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Oppenheimer Stock Performance

Shares of NYSE:OPY traded down $0.72 during trading hours on Friday, hitting $85.76. 43,950 shares of the company’s stock traded hands, compared to its average volume of 55,975. The company’s fifty day simple moving average is $77.94 and its two-hundred day simple moving average is $73.41. The company has a market cap of $902.20 million, a price-to-earnings ratio of 6.58 and a beta of 1.20. Oppenheimer has a 52 week low of $49.26 and a 52 week high of $94.10.

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

Oppenheimer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Oppenheimer’s dividend payout ratio (DPR) is currently 5.52%.

Institutional Investors Weigh In On Oppenheimer

Hedge funds have recently modified their holdings of the stock. Inspire Investing LLC boosted its position in shares of Oppenheimer by 2.6% in the 3rd quarter. Inspire Investing LLC now owns 6,122 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 157 shares during the period. Geode Capital Management LLC lifted its stake in Oppenheimer by 0.3% during the second quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock valued at $4,467,000 after buying an additional 214 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Oppenheimer by 193.9% in the fourth quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock worth $45,000 after buying an additional 415 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Oppenheimer in the third quarter worth approximately $31,000. Finally, Torren Management LLC acquired a new stake in shares of Oppenheimer during the fourth quarter valued at approximately $38,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

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.