Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $62.69 and traded as high as $63.60. Oppenheimer shares last traded at $63.40, with a volume of 31,807 shares.
Oppenheimer Stock Down 0.4%
The company's fifty day simple moving average is $60.85 and its 200-day simple moving average is $62.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market capitalization of $654.71 million, a PE ratio of 9.77 and a beta of 1.22.
Oppenheimer (NYSE:OPY - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%. The business had revenue of $367.83 million for the quarter.
Oppenheimer Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, May 9th. Oppenheimer's dividend payout ratio is currently 10.71%.
Insiders Place Their Bets
In other news, Director Paul M. Friedman sold 3,500 shares of the business's stock in a transaction 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 now directly owns 20,500 shares of the company's stock, valued at $1,298,060. The trade was a 14.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 34.25% of the company's stock.
Institutional Investors Weigh In On Oppenheimer
A number of large investors have recently made changes to their positions in the stock. State of Wyoming grew its holdings in shares of Oppenheimer by 10.9% during the fourth quarter. State of Wyoming now owns 4,403 shares of the financial services provider's stock valued at $282,000 after buying an additional 431 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Oppenheimer by 10.7% during the fourth quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider's stock valued at $442,000 after buying an additional 666 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Oppenheimer by 3.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 822 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in Oppenheimer by 3.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider's stock valued at $1,748,000 after purchasing an additional 866 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Oppenheimer during the fourth quarter valued at $77,000. 32.26% of the stock is owned by hedge funds and other institutional investors.
About Oppenheimer
(
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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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