Oppenheimer (NYSE:OPY) Share Price Crosses Above 200 Day Moving Average of $38.64

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.64 and traded as high as $39.80. Oppenheimer shares last traded at $39.25, with a volume of 26,382 shares.

Analyst Ratings Changes

Separately, StockNews.com cut Oppenheimer from a "strong-buy" rating to a "buy" rating in a report on Monday, January 29th.

Oppenheimer Price Performance

The company has a market cap of $404.07 million, a P/E ratio of 15.04 and a beta of 1.15. The company has a fifty day simple moving average of $38.84 and a 200-day simple moving average of $38.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 0.87.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter. The company had revenue of $308.29 million for the quarter. Oppenheimer had a return on equity of 4.46% and a net margin of 2.42%.

Oppenheimer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.15 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Oppenheimer's dividend payout ratio is currently 23.44%.

Hedge Funds Weigh In On Oppenheimer

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPY. RBF Capital LLC purchased a new position in Oppenheimer during the 2nd quarter worth approximately $6,706,000. Acadian Asset Management LLC grew its holdings in shares of Oppenheimer by 1,225.9% during the 3rd quarter. Acadian Asset Management LLC now owns 48,540 shares of the financial services provider's stock valued at $1,859,000 after acquiring an additional 44,879 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Oppenheimer by 100.3% during the 2nd quarter. Renaissance Technologies LLC now owns 73,300 shares of the financial services provider's stock valued at $2,945,000 after acquiring an additional 36,700 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Oppenheimer by 20.3% during the 4th quarter. AQR Capital Management LLC now owns 167,269 shares of the financial services provider's stock valued at $7,080,000 after acquiring an additional 28,172 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Oppenheimer during the 4th quarter valued at $1,078,000. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

About Oppenheimer

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers 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.