Shares of Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report) saw strong trading volume on Wednesday . 37,837 shares changed hands during mid-day trading, a decline of 1% from the previous session's volume of 38,202 shares.The stock last traded at $66.56 and had previously closed at $65.77.
Oppenheimer Stock Down 0.1%
The company's fifty day simple moving average is $63.02 and its two-hundred day simple moving average is $62.77. The company has a market capitalization of $699.16 million, a price-to-earnings ratio of 9.89 and a beta of 1.20.
Oppenheimer (NYSE:OPY - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 EPS for the quarter. The business had revenue of $367.83 million during the quarter. Oppenheimer had a net margin of 5.26% and a return on equity of 9.03%.
Oppenheimer Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's dividend payout ratio is currently 10.71%.
Insider Activity
In other Oppenheimer news, Director Paul M. Friedman sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $63.32, for a total transaction of $221,620.00. Following the sale, the director directly owned 20,500 shares in the company, valued at approximately $1,298,060. This trade represents a 14.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 34.25% of the company's stock.
Institutional Investors Weigh In On Oppenheimer
Several large investors have recently made changes to their positions in OPY. Gordian Capital Singapore Pte Ltd acquired a new position in Oppenheimer in the 4th quarter worth $77,000. Tower Research Capital LLC TRC acquired a new stake in Oppenheimer in the 4th quarter valued at approximately $87,000. GAMMA Investing LLC raised its position in Oppenheimer by 8,364.5% in 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 during the last quarter. Jump Financial LLC bought a new stake in Oppenheimer in the 4th quarter valued at approximately $205,000. Finally, Caxton Associates LLP acquired a new position in Oppenheimer during the 1st quarter worth approximately $206,000. Institutional investors own 32.26% of the company's stock.
Oppenheimer Company Profile
(
Get Free Report)
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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