Boothbay Fund Management LLC Invests $1.72 Million in Oppenheimer Holdings Inc. (NYSE:OPY)

Boothbay Fund Management LLC bought a new stake in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 26,783 shares of the financial services provider's stock, valued at approximately $1,717,000. Boothbay Fund Management LLC owned about 0.26% of Oppenheimer as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Oppenheimer during the third quarter worth about $319,000. JPMorgan Chase & Co. raised its position in shares of Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock valued at $878,000 after buying an additional 13,747 shares during the last quarter. Profit Investment Management LLC boosted its stake in Oppenheimer by 5.2% in the 4th quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider's stock worth $3,166,000 after buying an additional 2,445 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Oppenheimer by 4.9% during the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider's stock valued at $2,212,000 after buying an additional 1,620 shares during the period. Finally, TCW Group Inc. raised its holdings in Oppenheimer by 3.5% in the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock valued at $5,082,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 32.26% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.

Oppenheimer Stock Performance

NYSE:OPY traded up $1.26 during mid-day trading on Friday, hitting $61.26. The stock had a trading volume of 36,934 shares, compared to its average volume of 35,967. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a 52 week low of $40.83 and a 52 week high of $73.12. The company has a 50 day simple moving average of $58.87 and a 200-day simple moving average of $61.59. The stock has a market capitalization of $644.76 million, a price-to-earnings ratio of 9.62 and a beta of 1.10.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. The firm had revenue of $367.83 million for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, May 9th. Oppenheimer's payout ratio is 10.71%.

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.