Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Update

Oppenheimer Holdings Inc. (NYSE:OPY) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 27,600 shares, an increase of 27.2% from the January 31st total of 21,700 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Oppenheimer

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of Oppenheimer in the first quarter valued at about $34,000. Lazard Asset Management LLC bought a new stake in shares of Oppenheimer in the second quarter valued at about $37,000. Point72 Middle East FZE bought a new stake in shares of Oppenheimer in the second quarter valued at about $38,000. Point72 Asset Management L.P. bought a new stake in shares of Oppenheimer in the second quarter valued at about $39,000. Finally, Citigroup Inc. boosted its position in shares of Oppenheimer by 2,291.1% in the third quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,031 shares during the period. 36.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPY has been the topic of several analyst reports. TheStreet raised shares of Oppenheimer from a “c+” rating to a “b” rating in a report on Monday, November 20th. StockNews.com cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 29th.

Oppenheimer Trading Down 0.9 %

Oppenheimer stock traded down $0.34 during midday trading on Monday, hitting $38.25. 88,869 shares of the stock were exchanged, compared to its average volume of 36,771. The company has a fifty day simple moving average of $39.30 and a two-hundred day simple moving average of $38.52. Oppenheimer has a 52 week low of $32.82 and a 52 week high of $44.79. The stock has a market capitalization of $396.84 million, a PE ratio of 14.94 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

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

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Oppenheimer’s payout ratio is 23.44%.

About Oppenheimer

Oppenheimer Holdings Inc, through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers 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.