Oppenheimer (NYSE:OPY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Oppenheimer Holdings Inc. (NYSE:OPY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.58 and traded as high as $59.99. Oppenheimer shares last traded at $59.99, with a volume of 20,341 shares changing hands.

Analyst Upgrades and Downgrades

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

Oppenheimer Trading Up 2.4 %

The stock has a market cap of $631.38 million, a price-to-earnings ratio of 9.42 and a beta of 1.12. The business has a 50-day simple moving average of $65.61 and a two-hundred day simple moving average of $59.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, January 31st. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Oppenheimer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. Oppenheimer’s dividend payout ratio (DPR) is presently 11.30%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OPY. Royce & Associates LP acquired a new stake in shares of Oppenheimer during the 4th quarter worth approximately $2,403,000. Arbiter Partners Capital Management LLC grew its position in Oppenheimer by 117.0% during the 4th quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider’s stock worth $3,184,000 after acquiring an additional 26,783 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Oppenheimer during the fourth quarter worth about $1,717,000. American Century Companies Inc. increased its position in Oppenheimer by 16.0% in the 4th quarter. American Century Companies Inc. now owns 193,956 shares of the financial services provider’s stock valued at $12,431,000 after acquiring an additional 26,686 shares during the period. Finally, TCW Group Inc. increased its holdings in Oppenheimer by 53.2% in the third quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock valued at $3,919,000 after purchasing an additional 26,600 shares during the period. 32.26% of the stock is owned by institutional investors.

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.