Bosun Asset Management LLC Has $1.27 Million Stake in Oppenheimer Holdings Inc. (NYSE:OPY)

Bosun Asset Management LLC increased its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) by 235.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,883 shares of the financial services provider's stock after buying an additional 13,958 shares during the period. Bosun Asset Management LLC owned 0.19% of Oppenheimer worth $1,274,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OPY. Bank of America Corp DE raised its position in shares of Oppenheimer by 15.4% during the 4th quarter. Bank of America Corp DE now owns 23,534 shares of the financial services provider's stock valued at $1,508,000 after acquiring an additional 3,145 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Oppenheimer by 3.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider's stock worth $1,748,000 after purchasing an additional 866 shares during the period. Jane Street Group LLC grew its stake in shares of Oppenheimer by 10.7% during the fourth quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock worth $442,000 after purchasing an additional 666 shares during the period. Northern Trust Corp increased its holdings in Oppenheimer by 9.4% in the fourth quarter. Northern Trust Corp now owns 17,072 shares of the financial services provider's stock valued at $1,094,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in Oppenheimer by 3.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 822 shares during the period. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Oppenheimer Stock Down 0.8 %

Shares of NYSE OPY opened at $60.68 on Tuesday. The firm has a 50 day moving average price of $58.77 and a 200 day moving average price of $61.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The stock has a market cap of $638.60 million, a P/E ratio of 9.53 and a beta of 1.20. Oppenheimer Holdings Inc. has a 52-week low of $40.83 and a 52-week high of $73.12.

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

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.18 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.19%. Oppenheimer's dividend payout ratio (DPR) is currently 10.71%.

Analyst Ratings Changes

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

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.

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