Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Down 34.8% in February

Oppenheimer Holdings, Inc. (NYSE:OPY) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 23,349 shares, a decline of 34.8% from the February 12th total of 35,788 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,511 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 53,511 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, insider Dennis P. Mcnamara sold 4,673 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $90.67, for a total transaction of $423,700.91. Following the sale, the insider directly owned 20,177 shares in the company, valued at $1,829,448.59. This represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 34.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Oppenheimer by 17.3% in the third quarter. American Century Companies Inc. now owns 299,211 shares of the financial services provider’s stock worth $22,115,000 after buying an additional 44,145 shares during the period. Royce & Associates LP boosted its position in Oppenheimer by 18.0% during the 3rd quarter. Royce & Associates LP now owns 112,404 shares of the financial services provider’s stock valued at $8,308,000 after buying an additional 17,122 shares during the period. Quantbot Technologies LP grew its holdings in Oppenheimer by 196.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,035 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 3,336 shares during the last quarter. Metis Global Partners LLC purchased a new position in shares of Oppenheimer in the third quarter valued at about $207,000. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Oppenheimer by 34.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 13,294 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 3,436 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Oppenheimer Stock Performance

NYSE:OPY traded down $0.76 during mid-day trading on Friday, reaching $82.59. The stock had a trading volume of 19,899 shares, compared to its average volume of 50,373. The stock has a market capitalization of $868.88 million, a P/E ratio of 6.33 and a beta of 1.18. Oppenheimer has a one year low of $49.26 and a one year high of $94.10. The firm has a 50 day moving average price of $83.38 and a two-hundred day moving average price of $75.42.

Oppenheimer (NYSE:OPY) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. Oppenheimer had a return on equity of 16.10% and a net margin of 9.06%.The firm had revenue of $472.63 million for the quarter.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. Oppenheimer’s payout ratio is 5.52%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oppenheimer in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Finally, Cantor Fitzgerald downgraded shares of Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oppenheimer has an average rating of “Buy”.

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.