Oppenheimer Holdings Inc. (NYSE:OPY) Sees Significant Increase in Short Interest

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 81,800 shares, a growth of 90.2% from the May 15th total of 43,000 shares. Approximately 1.4% of the company's stock are short sold. Based on an average daily trading volume, of 42,100 shares, the days-to-cover ratio is presently 1.9 days.

Oppenheimer Stock Down 1.8%

Shares of OPY traded down $1.13 during trading hours on Friday, hitting $62.36. The company had a trading volume of 64,669 shares, compared to its average volume of 37,074. The stock has a market capitalization of $656.34 million, a price-to-earnings ratio of 9.79 and a beta of 1.22. The firm has a fifty day moving average price of $60.62 and a 200-day moving average price of $62.71. Oppenheimer has a 52-week low of $44.59 and a 52-week high of $73.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

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 (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%. The business had revenue of $367.83 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's payout ratio is currently 10.71%.

Insider Transactions at Oppenheimer

In related news, Director Paul M. Friedman sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $63.32, for a total transaction of $221,620.00. Following the completion of the transaction, the director now owns 20,500 shares of the company's stock, valued at $1,298,060. This trade represents a 14.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 34.25% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners raised its position in Oppenheimer by 457.7% in the first quarter. Boston Partners now owns 71,568 shares of the financial services provider's stock worth $4,268,000 after acquiring an additional 58,735 shares during the period. Royce & Associates LP raised its holdings in Oppenheimer by 114.8% in the 1st 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 during the period. Invesco Ltd. lifted its position in Oppenheimer by 864.7% during the first quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 37,284 shares in the last quarter. American Century Companies Inc. grew its holdings in Oppenheimer by 17.2% during the first quarter. American Century Companies Inc. now owns 227,389 shares of the financial services provider's stock valued at $13,559,000 after purchasing an additional 33,433 shares during the period. Finally, Arbiter Partners Capital Management LLC increased its position in Oppenheimer by 117.0% in the fourth quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider's stock worth $3,184,000 after buying an additional 26,783 shares in the last quarter. Institutional investors own 32.26% of the company's stock.

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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