Oppenheimer Holdings, Inc. (NYSE:OPY) Short Interest Update

Key Points

• Oppenheimer Holdings saw a significant drop in short interest, decreasing by 54.1% to 25,700 shares as of September 30th, with a short-interest ratio of 0.5 days.
• Insider Dennis P. McNamara sold 2,000 shares at an average price of $73.81, resulting in an 8.42% decrease in their position.
• The company recently announced a quarterly dividend of $0.18 per share, yielding approximately 1.1% annually.

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 25,700 shares, a decrease of 54.1% from the September 15th total of 56,000 shares. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In related news, insider Dennis P. Mcnamara sold 2,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $73.81, for a total value of $147,620.00. Following the sale, the insider owned 21,766 shares in the company, valued at approximately $1,606,548.46. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.25% of the company's stock.

Institutional Trading of Oppenheimer

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Oppenheimer by 1.5% in the first quarter. Vanguard Group Inc. now owns 391,435 shares of the financial services provider's stock valued at $23,341,000 after buying an additional 5,666 shares in the last quarter. American Century Companies Inc. boosted its stake in Oppenheimer by 17.2% in 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 buying an additional 33,433 shares in the last quarter. Invesco Ltd. boosted its stake in Oppenheimer by 864.7% in the first quarter. Invesco Ltd. now owns 41,596 shares of the financial services provider's stock valued at $2,480,000 after buying an additional 37,284 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Oppenheimer by 581.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,866 shares of the financial services provider's stock valued at $1,423,000 after buying an additional 20,366 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Oppenheimer by 39.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,154 shares of the financial services provider's stock valued at $486,000 after buying an additional 2,296 shares in the last quarter. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Stock Performance

OPY opened at $67.08 on Monday. The firm has a market cap of $705.71 million, a P/E ratio of 8.70 and a beta of 1.18. Oppenheimer has a 52-week low of $47.96 and a 52-week high of $79.99. The business's fifty day moving average is $72.71 and its 200-day moving average is $66.95.

Oppenheimer (NYSE:OPY - Get Free Report) last released its earnings results on Friday, August 1st. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $373.18 million for the quarter. Oppenheimer had a return on equity of 10.13% and a net margin of 5.88%.

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Oppenheimer's dividend payout ratio is 9.34%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oppenheimer in a report on Wednesday, October 8th. Wall Street Zen raised Oppenheimer from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.