6,694 Shares in Oppenheimer Holdings Inc. (NYSE:OPY) Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. purchased a new position in Oppenheimer Holdings Inc. (NYSE:OPY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,694 shares of the financial services provider’s stock, valued at approximately $277,000. Watershed Asset Management L.L.C. owned approximately 0.06% of Oppenheimer as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC purchased a new stake in Oppenheimer in the 4th quarter worth $206,000. Profit Investment Management LLC grew its holdings in shares of Oppenheimer by 8.5% during the fourth quarter. Profit Investment Management LLC now owns 75,538 shares of the financial services provider’s stock worth $3,121,000 after buying an additional 5,910 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Oppenheimer by 2,291.1% during the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,031 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Oppenheimer by 108.1% during the third quarter. GSA Capital Partners LLP now owns 30,015 shares of the financial services provider’s stock worth $1,150,000 after buying an additional 15,595 shares in the last quarter. Finally, EJF Capital LLC grew its holdings in shares of Oppenheimer by 43.5% during the third quarter. EJF Capital LLC now owns 34,440 shares of the financial services provider’s stock worth $1,319,000 after buying an additional 10,440 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Oppenheimer Price Performance

Shares of Oppenheimer stock traded up $0.69 during trading hours on Tuesday, reaching $38.70. 19,906 shares of the company’s stock were exchanged, compared to its average volume of 32,942. Oppenheimer Holdings Inc. has a 1 year low of $32.82 and a 1 year high of $42.41. The company has a market capitalization of $404.80 million, a P/E ratio of 15.12 and a beta of 1.15. The business has a fifty day moving average of $38.66 and a two-hundred day moving average of $38.70. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 2.42% and a return on equity of 4.46%. The firm had revenue of $308.29 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, February 8th. Oppenheimer’s dividend payout ratio is currently 23.44%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Monday, January 29th.

Oppenheimer 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.