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

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

Oppenheimer Stock Performance

OPY traded down $0.50 during trading hours on Tuesday, reaching $61.79. The company's stock had a trading volume of 44,090 shares, compared to its average volume of 35,049. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29. The firm has a market cap of $650.35 million, a PE ratio of 9.70 and a beta of 1.22. The company's 50-day moving average is $60.85 and its 200-day moving average is $62.72. Oppenheimer has a 52 week low of $44.59 and a 52 week high of $73.12.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 EPS for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%. The firm had revenue of $367.83 million for the quarter.

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. Oppenheimer's payout ratio is presently 10.71%.

Insider Buying and Selling at Oppenheimer

In other Oppenheimer news, Director Paul M. Friedman sold 3,500 shares of Oppenheimer stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $63.32, for a total transaction of $221,620.00. Following the transaction, the director now directly owns 20,500 shares in the company, valued at approximately $1,298,060. The trade was a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 34.25% of the company's stock.

Hedge Funds Weigh In On Oppenheimer

A number of institutional investors have recently added to or reduced their stakes in OPY. Gordian Capital Singapore Pte Ltd purchased a new stake in Oppenheimer during the 4th quarter valued at about $77,000. Tower Research Capital LLC TRC bought a new position in shares of Oppenheimer in the 4th quarter worth approximately $87,000. GAMMA Investing LLC increased its position in Oppenheimer by 8,364.5% during the 1st quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider's stock valued at $156,000 after buying an additional 2,593 shares in the last quarter. Jump Financial LLC bought a new position in Oppenheimer during the 4th quarter valued at approximately $205,000. Finally, Caxton Associates LLP purchased a new stake in Oppenheimer during the 1st quarter valued at $206,000. 32.26% of the stock is currently owned by institutional investors.

About Oppenheimer

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.