Oppenheimer Holdings Inc. (NYSE:OPY) Shares Acquired by Arbiter Partners Capital Management LLC

Arbiter Partners Capital Management LLC increased its stake in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 117.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,683 shares of the financial services provider’s stock after buying an additional 26,783 shares during the quarter. Oppenheimer comprises approximately 2.0% of Arbiter Partners Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Arbiter Partners Capital Management LLC’s holdings in Oppenheimer were worth $3,184,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in OPY. Empowered Funds LLC raised its stake in shares of Oppenheimer by 4.9% during the 4th quarter. Empowered Funds LLC now owns 34,511 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 1,620 shares during the last quarter. JPMorgan Chase & Co. raised its position in Oppenheimer by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 18,940 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 1,787 shares in the last quarter. Profit Investment Management LLC raised its position in Oppenheimer by 5.2% during the fourth quarter. Profit Investment Management LLC now owns 49,394 shares of the financial services provider’s stock valued at $3,166,000 after acquiring an additional 2,445 shares in the last quarter. FMR LLC boosted its position in Oppenheimer by 26.3% in the 3rd quarter. FMR LLC now owns 12,077 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 2,512 shares in the last quarter. Finally, TCW Group Inc. grew its stake in shares of 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 purchasing an additional 2,700 shares during the period. Hedge funds and other institutional investors own 32.26% of the company’s stock.

Wall Street Analyst Weigh In

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

Oppenheimer Trading Down 2.4 %

OPY stock opened at $51.78 on Tuesday. The firm has a market cap of $544.98 million, a P/E ratio of 8.13 and a beta of 1.10. Oppenheimer Holdings Inc. has a 52-week low of $36.93 and a 52-week high of $73.12. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $63.11 and its 200-day simple moving average is $60.64.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer’s payout ratio is 11.30%.

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.