Oppenheimer (NYSE:OPY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Oppenheimer Holdings Inc. (NYSE:OPY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.36 and traded as high as $62.27. Oppenheimer shares last traded at $61.51, with a volume of 25,552 shares.

Oppenheimer Trading Down 0.3 %

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 capitalization of $635.40 million, a price-to-earnings ratio of 9.57 and a beta of 1.14. The business has a 50 day moving average of $51.88 and a 200 day moving average of $49.36.

Oppenheimer (NYSE:OPY) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.16 EPS for the quarter. The firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.18 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. Oppenheimer’s payout ratio is 11.20%.

Institutional Investors Weigh In On Oppenheimer

A number of hedge funds have recently modified their holdings of OPY. Bank of New York Mellon Corp increased its holdings in Oppenheimer by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,241 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 297 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Oppenheimer during the second quarter worth about $56,000. Quest Partners LLC raised its position in Oppenheimer by 140.1% in the 3rd quarter. Quest Partners LLC now owns 4,070 shares of the financial services provider’s stock valued at $208,000 after buying an additional 2,375 shares during the last quarter. Empowered Funds LLC boosted its position in Oppenheimer by 8.1% during the 1st quarter. Empowered Funds LLC now owns 37,191 shares of the financial services provider’s stock worth $1,485,000 after acquiring an additional 2,800 shares during the last quarter. Finally, EJF Capital LLC grew its stake in shares of Oppenheimer by 12.4% during the 1st quarter. EJF Capital LLC now owns 40,000 shares of the financial services provider’s stock worth $1,597,000 after acquiring an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

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.