Royce & Associates LP Raises Stake in Oppenheimer Holdings, Inc. (NYSE:OPY)

Royce & Associates LP boosted its holdings in shares of Oppenheimer Holdings, Inc. (NYSE:OPY - Free Report) by 114.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 80,551 shares of the financial services provider's stock after purchasing an additional 43,050 shares during the period. Royce & Associates LP owned approximately 0.77% of Oppenheimer worth $4,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in Oppenheimer during the 4th quarter worth $77,000. Tower Research Capital LLC TRC purchased a new stake in shares of Oppenheimer in the fourth quarter valued at about $87,000. GAMMA Investing LLC boosted its holdings in shares of Oppenheimer by 8,364.5% in the first quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 2,593 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Oppenheimer in the fourth quarter valued at about $205,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Oppenheimer in the fourth quarter valued at about $222,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Oppenheimer Stock Up 0.6%

Shares of NYSE:OPY opened at $73.09 on Monday. The company has a market cap of $768.88 million, a price-to-earnings ratio of 10.88 and a beta of 1.20. The firm's 50-day simple moving average is $65.83 and its 200-day simple moving average is $63.41. Oppenheimer Holdings, Inc. has a fifty-two week low of $47.39 and a fifty-two week high of $74.20.

Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The business had revenue of $367.83 million for the quarter. Oppenheimer had a net margin of 5.26% and a return on equity of 9.03%.

Insider Buying and Selling at Oppenheimer

In other news, Director Paul M. Friedman sold 3,500 shares of Oppenheimer stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $63.32, for a total value of $221,620.00. Following the sale, the director owned 20,500 shares of the company's stock, valued at $1,298,060. The trade was a 14.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.25% of the stock is currently owned by insiders.

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.

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