Acadian Asset Management LLC Acquires 10,433 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Acadian Asset Management LLC raised its holdings in Oppenheimer Holdings Inc. (NYSE:OPY) by 74.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,387 shares of the financial services provider’s stock after purchasing an additional 10,433 shares during the period. Acadian Asset Management LLC owned approximately 0.24% of Oppenheimer worth $1,167,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Oppenheimer by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 284,885 shares of the financial services provider’s stock valued at $11,373,000 after purchasing an additional 12,525 shares during the period. TCW Group Inc. bought a new stake in shares of Oppenheimer during the 2nd quarter worth approximately $2,396,000. EJF Capital LLC lifted its holdings 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 during the period. Empowered Funds LLC lifted its holdings in shares of 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 period. Finally, GSA Capital Partners LLP bought a new stake in shares of Oppenheimer during the 1st quarter worth approximately $1,293,000. Institutional investors own 32.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Dennis P. Mcnamara sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $51.28, for a total transaction of $307,680.00. Following the completion of the transaction, the insider now directly owns 20,681 shares in the company, valued at approximately $1,060,521.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 32.49% of the stock is owned by corporate insiders.

Oppenheimer Stock Performance

Shares of Oppenheimer stock opened at $49.56 on Monday. The company has a 50 day moving average of $51.33 and a 200-day moving average of $45.43. Oppenheimer Holdings Inc. has a 1-year low of $32.82 and a 1-year high of $58.35. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The company has a market cap of $511.91 million, a PE ratio of 13.36 and a beta of 1.15.

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

Oppenheimer Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, August 9th. Oppenheimer’s dividend payout ratio is 19.41%.

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.