Oppenheimer Holdings Inc. (NYSE:OPY) Shares Sold by Perritt Capital Management Inc.
Perritt Capital Management Inc. lowered its stake in Oppenheimer Holdings Inc. (NYSE:OPY) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,644 shares of the financial services provider’s stock after selling 6,493 shares during the period. Perritt Capital Management Inc. owned 0.39% of Oppenheimer worth $1,379,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in Oppenheimer by 5.4% in the 2nd quarter. Northern Trust Corp now owns 115,067 shares of the financial services provider’s stock worth $3,132,000 after acquiring an additional 5,885 shares during the last quarter. Renaissance Technologies LLC raised its position in Oppenheimer by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 451,400 shares of the financial services provider’s stock worth $12,287,000 after buying an additional 24,300 shares during the last quarter. Panagora Asset Management Inc. raised its position in Oppenheimer by 10.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 158,367 shares of the financial services provider’s stock worth $4,311,000 after buying an additional 14,736 shares during the last quarter. Prudential Financial Inc. lifted its stake in Oppenheimer by 8.1% during the 2nd quarter. Prudential Financial Inc. now owns 94,556 shares of the financial services provider’s stock valued at $2,574,000 after acquiring an additional 7,100 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Oppenheimer during the 2nd quarter valued at approximately $212,000. Institutional investors and hedge funds own 46.38% of the company’s stock.
Shares of OPY stock traded up $1.04 during trading hours on Wednesday, hitting $29.93. The company’s stock had a trading volume of 803 shares, compared to its average volume of 39,708. The stock has a market cap of $367.65 million, a PE ratio of 8.56 and a beta of 1.14. Oppenheimer Holdings Inc. has a 12-month low of $23.51 and a 12-month high of $33.86. The company has a 50 day moving average of $27.75 and a 200 day moving average of $27.08. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from Oppenheimer’s previous quarterly dividend of $0.11.
Oppenheimer Company Profile
Oppenheimer Holdings Inc, through its subsidiaries, provides middle-market investment bank and full service broker-dealer products and services. The company offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services.
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