Quest Partners LLC Sells 2,529 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Quest Partners LLC trimmed its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 59.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,695 shares of the financial services provider’s stock after selling 2,529 shares during the quarter. Quest Partners LLC’s holdings in Oppenheimer were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Oppenheimer in the second quarter valued at $56,000. Quadrature Capital Ltd increased its position in Oppenheimer by 31.3% in the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 3,308 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Oppenheimer by 74.8% in the second quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock worth $1,167,000 after acquiring an additional 10,433 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Oppenheimer during the second quarter worth approximately $1,197,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Oppenheimer during the first quarter valued at approximately $1,293,000. Institutional investors and hedge funds own 32.26% of the company’s stock.

Insiders Place Their Bets

In other Oppenheimer news, insider Dennis P. Mcnamara sold 6,000 shares of Oppenheimer stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total transaction of $307,680.00. Following the transaction, the insider now directly owns 20,681 shares in the company, valued at $1,060,521.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 32.49% of the company’s stock.

Oppenheimer Price Performance

Oppenheimer stock opened at $50.77 on Wednesday. The business’s 50-day simple moving average is $51.35 and its 200 day simple moving average is $45.51. The stock has a market cap of $524.40 million, a price-to-earnings ratio of 13.68 and a beta of 1.15. Oppenheimer Holdings Inc. has a 12-month low of $32.82 and a 12-month high of $58.35. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.14.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share for the quarter. The business had revenue of $330.59 million for the quarter. Oppenheimer had a net margin of 4.70% and a return on equity of 8.33%.

Oppenheimer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, August 9th. Oppenheimer’s payout ratio is presently 19.41%.

Oppenheimer 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.