EAM Investors LLC Buys New Shares in Oppenheimer Holdings Inc. (NYSE:OPY)

EAM Investors LLC purchased a new stake in Oppenheimer Holdings Inc. (NYSE:OPY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,843 shares of the financial services provider's stock, valued at approximately $1,079,000. EAM Investors LLC owned about 0.16% of Oppenheimer at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of Oppenheimer during the fourth quarter worth approximately $2,403,000. Arbiter Partners Capital Management LLC raised its position in Oppenheimer by 117.0% during the fourth quarter. Arbiter Partners Capital Management LLC now owns 49,683 shares of the financial services provider's stock valued at $3,184,000 after acquiring an additional 26,783 shares in the last quarter. American Century Companies Inc. lifted its stake in Oppenheimer by 16.0% in the fourth 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 last quarter. Vanguard Group Inc. increased its stake in shares of Oppenheimer by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock worth $24,724,000 after purchasing an additional 20,937 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Oppenheimer by 403.6% in the third quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider's stock worth $878,000 after purchasing an additional 13,747 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company's stock.

Oppenheimer Stock Performance

OPY stock traded up $0.49 during midday trading on Tuesday, hitting $56.16. 13,440 shares of the company traded hands, compared to its average volume of 26,710. The business has a 50 day simple moving average of $59.86 and a 200-day simple moving average of $60.93. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. Oppenheimer Holdings Inc. has a twelve month low of $38.09 and a twelve month high of $73.12. The stock has a market capitalization of $591.08 million, a price-to-earnings ratio of 8.81 and a beta of 1.10.

Oppenheimer (NYSE:OPY - Get Free Report) 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 1.28%. Oppenheimer's payout ratio is 11.30%.

Analysts Set New Price Targets

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

Oppenheimer 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.