Oppenheimer Holdings Inc. (NYSE:OPY) Director Paul M. Friedman Sells 3,500 Shares

Oppenheimer Holdings Inc. (NYSE:OPY) Director Paul M. Friedman sold 3,500 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $63.32, for a total value of $221,620.00. Following the transaction, the director now directly owns 20,500 shares in the company, valued at $1,298,060. The trade was a 14.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oppenheimer Price Performance

OPY opened at $63.82 on Wednesday. Oppenheimer Holdings Inc. has a 12-month low of $44.59 and a 12-month high of $73.12. The company has a current ratio of 1.29, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $62.66. The company has a market capitalization of $671.72 million, a price-to-earnings ratio of 10.02 and a beta of 1.22.

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

Oppenheimer Dividend Announcement

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

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds have recently made changes to their positions in OPY. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Oppenheimer during the 4th quarter worth $77,000. Tower Research Capital LLC TRC purchased a new stake in Oppenheimer in the fourth quarter valued at about $87,000. GAMMA Investing LLC raised its stake in 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 buying an additional 2,593 shares during the last quarter. Jump Financial LLC purchased a new stake in Oppenheimer in the fourth quarter valued at about $205,000. Finally, Caxton Associates LLP purchased a new stake in Oppenheimer in the first quarter valued at about $206,000. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

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.