Oppenheimer (NYSE:OPY) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Oppenheimer Holdings, Inc. (NYSE:OPY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $62.66 and traded as high as $64.15. Oppenheimer shares last traded at $62.70, with a volume of 179,360 shares traded.

Oppenheimer Stock Performance

The firm has a market capitalization of $681.58 million, a P/E ratio of 9.64 and a beta of 1.22. The firm's 50-day moving average is $61.70 and its 200 day moving average is $62.64.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. Oppenheimer had a return on equity of 9.03% and a net margin of 5.26%. The firm had revenue of $367.83 million during the quarter.

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, May 9th. Oppenheimer's dividend payout ratio is presently 10.71%.

Insider Buying and Selling at Oppenheimer

In related news, Director Paul M. Friedman sold 3,500 shares of Oppenheimer 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 sale, the director now directly owns 20,500 shares of the company's stock, valued at approximately $1,298,060. This trade represents a 14.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 34.25% of the company's stock.

Institutional Investors Weigh In On Oppenheimer

Institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new position in shares of Oppenheimer in the fourth quarter worth $77,000. Tower Research Capital LLC TRC acquired a new stake in Oppenheimer during the 4th quarter worth about $87,000. GAMMA Investing LLC boosted its holdings in shares of Oppenheimer by 8,364.5% during the 1st quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider's stock worth $156,000 after buying an additional 2,593 shares in the last quarter. Jump Financial LLC bought a new stake in Oppenheimer in the fourth quarter valued at $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

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.