Oppenheimer (NYSE:OPY) Trading 6% Higher – What’s Next?

Oppenheimer Holdings Inc. (NYSE:OPY) shares were up 6% during trading on Tuesday . The company traded as high as $70.25 and last traded at $69.65. Approximately 15,957 shares changed hands during trading, a decline of 57% from the average daily volume of 36,702 shares. The stock had previously closed at $65.69.

Oppenheimer Trading Up 3.9 %

The company’s 50 day moving average is $55.00 and its two-hundred day moving average is $51.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The firm has a market cap of $704.92 million, a P/E ratio of 10.58 and a beta of 1.14.

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

Oppenheimer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 8th. Oppenheimer’s dividend payout ratio is 11.20%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OPY. Innealta Capital LLC acquired a new stake in shares of Oppenheimer during the 2nd quarter worth about $56,000. BNP Paribas Financial Markets boosted its holdings 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 worth $164,000 after acquiring an additional 3,115 shares in the last quarter. Quest Partners LLC grew its position in Oppenheimer by 140.1% during the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 2,375 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Oppenheimer during the 3rd quarter valued at $290,000. Finally, Jane Street Group LLC bought a new position in Oppenheimer in the 3rd quarter valued at $319,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

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.