Oppenheimer (NYSE:OPY) Sees Large Volume Increase – Time to Buy?

Oppenheimer Holdings Inc. (NYSE:OPY) saw unusually-high trading volume on Thursday . Approximately 22,598 shares traded hands during trading, a decline of 34% from the previous session’s volume of 34,062 shares.The stock last traded at $57.76 and had previously closed at $55.83.

Wall Street Analyst Weigh In

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

Oppenheimer Trading Up 0.6 %

The stock has a market capitalization of $591.15 million, a PE ratio of 8.91 and a beta of 1.10. The stock’s 50 day moving average price is $60.37 and its 200-day moving average price is $60.65. 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 (NYSE:OPY) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 1.28%. Oppenheimer’s payout ratio is 11.30%.

Institutional Trading of Oppenheimer

Several hedge funds have recently bought and sold shares of OPY. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Oppenheimer in the fourth quarter worth about $77,000. Tower Research Capital LLC TRC purchased a new stake in shares of Oppenheimer during the 4th quarter worth approximately $87,000. GAMMA Investing LLC grew its holdings in shares of Oppenheimer by 8,364.5% in the first quarter. GAMMA Investing LLC now owns 2,624 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,593 shares in the last quarter. Jump Financial LLC bought a new stake in Oppenheimer in the fourth quarter worth $205,000. Finally, BNP Paribas Financial Markets raised its stake in Oppenheimer by 3,146.5% during the third 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. 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.