Oppenheimer (NYSE:OPY) Shares Pass Above 200-Day Moving Average - What's Next?

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.46 and traded as high as $48.55. Oppenheimer shares last traded at $48.50, with a volume of 24,876 shares changing hands.

Oppenheimer Trading Up 11.4 %

The stock's 50-day simple moving average is $50.21 and its two-hundred day simple moving average is $47.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 0.79. The firm has a market capitalization of $558.28 million, a P/E ratio of 14.30 and a beta of 1.15.

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

Insider Buying and Selling

In related news, insider Dennis P. Mcnamara sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total value of $307,680.00. Following the transaction, the insider now directly owns 20,681 shares of the company's stock, valued at approximately $1,060,521.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.49% of the stock is currently owned by company insiders.

Institutional Trading of Oppenheimer

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Oppenheimer by 1.1% in the second 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 during the last quarter. Innealta Capital LLC bought a new stake in Oppenheimer in the 2nd quarter worth approximately $56,000. Empowered Funds LLC raised 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 in the last quarter. EJF Capital LLC boosted its position 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 valued at $1,597,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC grew its holdings in shares of Oppenheimer by 55.6% in the second quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 7,094 shares in the last quarter. Hedge funds and other institutional investors own 32.26% of the company's stock.

Oppenheimer Company 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.