Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Up 6.0% in July

Oppenheimer Holdings Inc. (NYSE:OPY) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 142,900 shares, an increase of 6.0% from the June 15th total of 134,800 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.6% of the company’s stock are sold short.

Oppenheimer stock remained flat at $$29.71 during trading hours on Tuesday. 62,320 shares of the company’s stock were exchanged, compared to its average volume of 58,661. The stock has a market capitalization of $381.41 million, a P/E ratio of 8.77 and a beta of 1.15. The company has a quick ratio of 0.72, a current ratio of 1.31 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $28.17. Oppenheimer has a fifty-two week low of $23.51 and a fifty-two week high of $34.15.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, July 26th. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.33. The business had revenue of $250.94 million during the quarter. Oppenheimer had a net margin of 3.75% and a return on equity of 8.41%.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Oppenheimer’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%.

A number of institutional investors have recently made changes to their positions in OPY. Investors Research Corp bought a new position in Oppenheimer in the first quarter worth about $31,000. BNP Paribas Arbitrage SA raised its holdings in Oppenheimer by 99.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,201 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,096 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Oppenheimer by 389.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,448 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 2,744 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Oppenheimer by 12.9% during the fourth quarter. Citigroup Inc. now owns 3,599 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 411 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in shares of Oppenheimer during the second quarter valued at about $160,000. Institutional investors and hedge funds own 47.61% of the company’s stock.

About Oppenheimer

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.

Further Reading: Fundamental Analysis

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