Oppenheimer Holdings Inc. (NYSE:OPY) Short Interest Down 16.1% in February

Oppenheimer Holdings Inc. (NYSE:OPY) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 32,800 shares, a decline of 16.1% from the January 31st total of 39,100 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 26,500 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Oppenheimer

A number of institutional investors have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Oppenheimer in the fourth quarter worth $77,000. Tower Research Capital LLC TRC bought a new stake in shares of Oppenheimer in the 4th quarter worth about $87,000. Jump Financial LLC bought a new stake in shares of Oppenheimer in the 4th quarter worth about $205,000. BNP Paribas Financial Markets raised its stake in shares of Oppenheimer by 3,146.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,214 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Oppenheimer during the fourth quarter worth about $222,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Oppenheimer from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd.

Oppenheimer Price Performance

Shares of NYSE:OPY traded up $0.32 on Wednesday, hitting $63.44. The company had a trading volume of 19,456 shares, compared to its average volume of 22,637. The business has a 50 day moving average of $66.21 and a 200 day moving average of $59.17. Oppenheimer has a 52-week low of $36.93 and a 52-week high of $73.12. The company has a market cap of $655.40 million, a PE ratio of 9.96 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Oppenheimer’s dividend payout ratio is currently 11.30%.

About Oppenheimer

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.