Oppenheimer Holdings Inc. (NYSE:OPY) Sees Large Growth in Short Interest

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 45,000 shares, a growth of 30.1% from the March 31st total of 34,600 shares. Currently, 0.8% of the company's shares are short sold. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Oppenheimer from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Oppenheimer by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock valued at $24,724,000 after buying an additional 20,937 shares during the period. American Century Companies Inc. lifted its stake in Oppenheimer by 16.0% in the fourth quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider's stock worth $12,431,000 after acquiring an additional 26,686 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Oppenheimer by 3.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider's stock worth $5,804,000 after acquiring an additional 3,119 shares during the last quarter. TCW Group Inc. grew its holdings in Oppenheimer by 3.5% during the 4th quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock worth $5,082,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Arbiter Partners Capital Management LLC increased its position in shares of Oppenheimer by 117.0% in the 4th quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider's stock valued at $3,184,000 after purchasing an additional 26,783 shares during the last quarter. 32.26% of the stock is owned by institutional investors and hedge funds.

Oppenheimer Trading Down 0.8 %

Oppenheimer stock traded down $0.49 during midday trading on Monday, reaching $60.68. 26,120 shares of the stock traded hands, compared to its average volume of 35,927. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a market cap of $638.60 million, a PE ratio of 9.53 and a beta of 1.20. The company has a 50-day simple moving average of $58.87 and a two-hundred day simple moving average of $61.59. Oppenheimer has a 12-month low of $40.83 and a 12-month high of $73.12.

Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The firm had revenue of $367.83 million during the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, May 9th. Oppenheimer's payout ratio is currently 10.71%.

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.