Insider Selling: Oppenheimer Holdings, Inc. (NYSE:OPY) Insider Sells 2,000 Shares of Stock

Key Points

• Dennis P. Mcnamara, an insider at Oppenheimer Holdings, Inc. (NYSE:OPY), sold 2,000 shares at an average price of $73.81, decreasing his position by 8.42%.
• The company reported $373.18 million in revenue for the last quarter, with an EPS of $1.91 and a return on equity of 10.13%.
• Oppenheimer announced a quarterly dividend of $0.18 per share, representing a 1.0% yield and a payout ratio of 9.34%.

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) insider Dennis P. Mcnamara sold 2,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total value of $147,620.00. Following the completion of the sale, the insider directly owned 21,766 shares in the company, valued at approximately $1,606,548.46. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Oppenheimer Stock Up 0.8%

NYSE OPY traded up $0.60 during trading hours on Friday, hitting $71.88. The company had a trading volume of 36,073 shares, compared to its average volume of 59,653. The business has a fifty day simple moving average of $67.67 and a 200-day simple moving average of $63.86. The firm has a market cap of $756.14 million, a P/E ratio of 9.32 and a beta of 1.24. Oppenheimer Holdings, Inc. has a fifty-two week low of $47.39 and a fifty-two week high of $77.83.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 10.13% and a net margin of 5.88%. The company had revenue of $373.18 million for the quarter.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Oppenheimer's dividend payout ratio (DPR) is 9.34%.

Institutional Trading of Oppenheimer

A number of institutional investors and hedge funds have recently modified their holdings of OPY. D. E. Shaw & Co. Inc. grew its holdings in Oppenheimer by 44.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 33,843 shares of the financial services provider's stock worth $2,169,000 after acquiring an additional 10,387 shares during the last quarter. Royce & Associates LP boosted 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 in the last quarter. Norges Bank acquired a new position in shares of Oppenheimer in the 4th quarter valued at approximately $327,000. Boothbay Fund Management LLC acquired a new stake in shares of Oppenheimer in the 4th quarter valued at about $1,717,000. Finally, Jane Street Group LLC lifted its position in shares of Oppenheimer by 10.7% in 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 in the last quarter. 32.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Oppenheimer from a "hold" rating to a "strong-buy" rating in a report on Sunday.

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.