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

Oppenheimer Holdings Inc. (NYSE:OPY) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 30,200 shares, a decrease of 66.0% from the October 31st total of 88,800 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is presently 1.0 days.

Oppenheimer Stock Performance

OPY traded up $1.43 during midday trading on Wednesday, reaching $61.48. The company’s stock had a trading volume of 21,464 shares, compared to its average volume of 36,535. Oppenheimer has a twelve month low of $36.93 and a twelve month high of $63.27. The stock has a market cap of $635.09 million, a P/E ratio of 9.52 and a beta of 1.14. The company has a fifty day simple moving average of $54.01 and a 200 day simple moving average of $50.81. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%. The business had revenue of $373.35 million for the quarter.

Oppenheimer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 1.17%. Oppenheimer’s dividend payout ratio (DPR) is currently 11.20%.

Hedge Funds Weigh In On Oppenheimer

A number of hedge funds have recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in Oppenheimer during the second quarter valued at approximately $56,000. BNP Paribas Financial Markets lifted its position in shares of Oppenheimer by 3,146.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock worth $164,000 after buying an additional 3,115 shares during the period. Quest Partners LLC boosted its stake in Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Oppenheimer in the third quarter valued at $290,000. Finally, Jane Street Group LLC acquired a new position in Oppenheimer during the third quarter worth $319,000. Institutional investors and hedge funds 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.