Oppenheimer Holdings Inc. (NYSE:OPY) Director Sells $221,620.00 in Stock

Oppenheimer Holdings Inc. (NYSE:OPY) Director Paul M. Friedman sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $63.32, for a total value of $221,620.00. Following the sale, the director now directly owns 20,500 shares in the company, valued at approximately $1,298,060. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Oppenheimer Stock Up 1.2%

Oppenheimer stock opened at $63.82 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a 52 week low of $44.59 and a 52 week high of $73.12. The business’s 50-day moving average price is $59.95 and its 200 day moving average price is $62.66. The firm has a market cap of $671.72 million, a price-to-earnings ratio of 10.02 and a beta of 1.22.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 EPS for the quarter. The company had revenue of $367.83 million for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.13%. Oppenheimer’s dividend payout ratio (DPR) is presently 10.71%.

Hedge Funds Weigh In On Oppenheimer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its position in Oppenheimer by 44.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 33,843 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 10,387 shares in the last quarter. American Century Companies Inc. lifted its position in Oppenheimer by 16.0% during the fourth quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider’s stock worth $12,431,000 after buying an additional 26,686 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Oppenheimer by 74.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,649 shares of the financial services provider’s stock worth $1,259,000 after buying an additional 8,359 shares in the last quarter. Boston Partners purchased a new position in Oppenheimer during the fourth quarter worth approximately $822,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Oppenheimer in the fourth quarter valued at $224,000. 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.