Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Down 34.2% in August

Key Points

• Oppenheimer Holdings experienced a **34.2% decline** in short interest in August, dropping from 103,400 shares to 68,000 shares, which constitutes approximately **1.2% of the company’s shares being short sold**.
• Wall Street Zen upgraded Oppenheimer's stock rating from **"hold" to "strong-buy"** on August 10th, indicating a positive outlook among analysts.
• The company announced a quarterly dividend of **$0.18**, representing a **0.9% yield**, with a payout ratio currently at **9.34%**.

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 68,000 shares, a decline of 34.2% from the August 15th total of 103,400 shares. Approximately 1.2% of the company's shares are short sold. Based on an average trading volume of 60,500 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 60,500 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company's shares are short sold.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Oppenheimer news, insider Dennis P. Mcnamara sold 2,000 shares of Oppenheimer 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 completion of the sale, the insider directly owned 21,766 shares of the company's stock, valued at approximately $1,606,548.46. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 34.25% of the company's stock.

Hedge Funds Weigh In On Oppenheimer

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Oppenheimer by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider's stock valued at $23,341,000 after acquiring an additional 5,666 shares during the period. American Century Companies Inc. raised its stake in shares of Oppenheimer by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 255,066 shares of the financial services provider's stock valued at $16,776,000 after acquiring an additional 27,677 shares during the period. Royce & Associates LP raised its stake in shares of Oppenheimer by 114.8% in the 1st quarter. Royce & Associates LP now owns 80,551 shares of the financial services provider's stock valued at $4,803,000 after acquiring an additional 43,050 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Oppenheimer by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 75,840 shares of the financial services provider's stock valued at $4,522,000 after acquiring an additional 1,836 shares during the period. Finally, Boston Partners raised its stake in shares of Oppenheimer by 457.7% in the 1st quarter. Boston Partners now owns 71,568 shares of the financial services provider's stock valued at $4,268,000 after acquiring an additional 58,735 shares during the period. Hedge funds and other institutional investors own 32.26% of the company's stock.

Oppenheimer Stock Down 1.1%

Shares of OPY opened at $76.61 on Monday. The firm has a market cap of $805.94 million, a PE ratio of 9.94 and a beta of 1.21. The company's fifty day moving average is $71.69 and its two-hundred day moving average is $64.81. Oppenheimer has a fifty-two week low of $47.39 and a fifty-two week 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 earnings per share 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Oppenheimer's dividend payout ratio (DPR) is currently 9.34%.

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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