Oppenheimer Holdings Inc. (NYSE:OPY) Sees Large Decline in Short Interest

Oppenheimer Holdings Inc. (NYSE:OPY) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 24,800 shares, a drop of 13.6% from the November 30th total of 28,700 shares. Based on an average daily volume of 30,300 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Oppenheimer

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock valued at $878,000 after acquiring an additional 13,747 shares during the period. TCW Group Inc. lifted its holdings in shares of Oppenheimer by 53.2% in the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after purchasing an additional 26,600 shares during the last quarter. XTX Topco Ltd bought a new position in Oppenheimer during the 3rd quarter worth $407,000. Jane Street Group LLC acquired a new stake in Oppenheimer in the third quarter worth $319,000. Finally, Quadrature Capital Ltd bought a new stake in Oppenheimer in the third quarter valued at $290,000. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Stock Performance

Shares of OPY opened at $64.53 on Monday. The firm has a market cap of $666.66 million, a price-to-earnings ratio of 10.04 and a beta of 1.14. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $60.42 and its two-hundred day moving average is $53.68. Oppenheimer has a 52-week low of $36.93 and a 52-week high of $70.25.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The firm had revenue of $373.35 million for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Oppenheimer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, November 8th. Oppenheimer’s payout ratio is currently 11.20%.

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.