Oppenheimer (NYSE:OPY) Reaches New 52-Week High at $48.86

Oppenheimer Holdings Inc. (NYSE:OPY)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $48.86 and last traded at $48.60, with a volume of 94990 shares traded. The stock had previously closed at $47.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.

Oppenheimer Stock Performance

The company has a market capitalization of $510.10 million, a PE ratio of 13.34 and a beta of 1.16. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $44.66 and a two-hundred day moving average price of $41.06.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $2.37 earnings per share for the quarter. The company had revenue of $353.14 million during the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%.

Oppenheimer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 9th. Oppenheimer’s dividend payout ratio (DPR) is currently 16.17%.

Insider Transactions at Oppenheimer

In other news, Director Evan Behrens sold 4,125 shares of Oppenheimer stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $43.65, for a total value of $180,056.25. Following the transaction, the director now owns 4,875 shares in the company, valued at $212,793.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 34.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd increased its holdings in Oppenheimer by 31.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 3,308 shares during the period. Watershed Asset Management L.L.C. purchased a new position in Oppenheimer during the 4th quarter valued at about $277,000. Quest Partners LLC purchased a new position in shares of Oppenheimer during the 4th quarter worth approximately $360,000. Citigroup Inc. grew its holdings in shares of Oppenheimer by 2,291.1% during the 3rd quarter. Citigroup Inc. now owns 1,076 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,031 shares during the period. Finally, Profit Investment Management LLC grew its holdings in shares of Oppenheimer by 8.5% during the 4th quarter. Profit Investment Management LLC now owns 75,538 shares of the financial services provider’s stock worth $3,121,000 after acquiring an additional 5,910 shares during the period. Hedge funds and other institutional investors 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.