Short Interest in Oppenheimer Holdings, Inc. (NYSE:OPY) Drops By 40.4%

Oppenheimer Holdings, Inc. (NYSE:OPY) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 20,775 shares, a drop of 40.4% from the January 15th total of 34,873 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 45,169 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 45,169 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Oppenheimer Stock Performance

Shares of Oppenheimer stock traded down $0.72 on Friday, reaching $85.76. 43,950 shares of the company were exchanged, compared to its average volume of 55,975. The firm has a market cap of $902.20 million, a price-to-earnings ratio of 6.58 and a beta of 1.20. Oppenheimer has a 1-year low of $49.26 and a 1-year high of $94.10. The company’s 50-day moving average is $77.94 and its two-hundred day moving average is $73.41.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $6.51 EPS for the quarter. Oppenheimer had a return on equity of 16.55% and a net margin of 9.06%.The firm had revenue of $472.63 million during the quarter.

Oppenheimer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 13th. Oppenheimer’s dividend payout ratio (DPR) is 5.52%.

Analysts Set New Price Targets

OPY has been the topic of several research analyst reports. Wall Street Zen cut shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald downgraded Oppenheimer to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oppenheimer in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oppenheimer has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Investing LLC increased its stake in shares of Oppenheimer by 2.6% in the third quarter. Inspire Investing LLC now owns 6,122 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 157 shares during the period. Geode Capital Management LLC grew its holdings in Oppenheimer by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 67,885 shares of the financial services provider’s stock worth $4,467,000 after buying an additional 214 shares in the last quarter. Clearstead Advisors LLC increased its position in Oppenheimer by 193.9% in the 4th quarter. Clearstead Advisors LLC now owns 629 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 415 shares during the period. State of Alaska Department of Revenue bought a new stake in Oppenheimer during the 3rd quarter valued at $31,000. Finally, Torren Management LLC acquired a new position in Oppenheimer during the 4th quarter worth $38,000. Institutional investors own 32.26% of the company’s stock.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.