Bosun Asset Management LLC Lowers Stake in Oppenheimer Holdings, Inc. $OPY

Key Points

• Bosun Asset Management LLC reduced its stake in Oppenheimer Holdings, Inc. by **18.5%**, selling **3,683 shares**, and now holds approximately **0.15%** of the company valued at **$966,000**.
• Multiple institutional investors, including **Vanguard Group Inc.** and **Invesco Ltd.**, increased their holdings in Oppenheimer, with Invesco reporting a **864.7%** increase in shares owned.
• Oppenheimer announced a **quarterly dividend** of **$0.18** per share, reflecting an annualized dividend of **$0.72** and a **1.0% dividend yield**.

Bosun Asset Management LLC reduced its position in shares of Oppenheimer Holdings, Inc. (NYSE:OPY - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,200 shares of the financial services provider's stock after selling 3,683 shares during the period. Bosun Asset Management LLC owned 0.15% of Oppenheimer worth $966,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of Oppenheimer during the 4th quarter worth approximately $77,000. Tower Research Capital LLC TRC bought a new position in shares of Oppenheimer during the 4th quarter worth approximately $87,000. GAMMA Investing LLC lifted its position in shares of Oppenheimer by 8,364.5% during the 1st quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider's stock worth $156,000 after buying an additional 2,593 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Oppenheimer during the 4th quarter worth approximately $227,000. Finally, State of Wyoming lifted its position in shares of Oppenheimer by 10.9% during the 4th quarter. State of Wyoming now owns 4,403 shares of the financial services provider's stock worth $282,000 after buying an additional 431 shares in the last quarter. 32.26% of the stock is owned by institutional investors.

Insider Transactions at Oppenheimer

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $73.81, for a total value of $147,620.00. Following the sale, the insider directly owned 21,766 shares in the company, valued at $1,606,548.46. This represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Oppenheimer from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th.

Oppenheimer Trading Up 0.2%

Shares of OPY stock traded up $0.12 during trading on Monday, reaching $72.86. 127,418 shares of the company's stock traded hands, compared to its average volume of 42,991. The company has a market capitalization of $766.53 million, a P/E ratio of 9.45 and a beta of 1.21. The firm's 50-day moving average is $70.94 and its 200 day moving average is $64.45. Oppenheimer Holdings, Inc. has a 1 year low of $47.39 and a 1 year high of $77.83.

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

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.18 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 1.0%. Oppenheimer's dividend payout ratio is currently 9.34%.

Oppenheimer 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.