Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $48.50, but opened at $50.00. Oppenheimer shares last traded at $50.02, with a volume of 3,135 shares traded.
Oppenheimer Stock Up 11.4 %
The stock has a market capitalization of $558.28 million, a P/E ratio of 14.30 and a beta of 1.15. 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 stock's 50 day simple moving average is $50.21 and its 200 day simple moving average is $47.47.
Oppenheimer (NYSE:OPY - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share for the quarter. The firm had revenue of $330.59 million during the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%.
Insider Buying and Selling
In other news, insider Dennis P. Mcnamara sold 6,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.49% of the stock is owned by company insiders.
Institutional Trading of Oppenheimer
Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Oppenheimer in the 2nd quarter worth approximately $56,000. Bank of Montreal Can bought a new position in Oppenheimer during the 2nd quarter valued at $367,000. Inspire Investing LLC acquired a new position in shares of Oppenheimer during the 3rd quarter valued at $414,000. Marshall Wace LLP raised its stake in shares of Oppenheimer by 141.1% in the 2nd quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider's stock worth $706,000 after buying an additional 8,623 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC lifted 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 buying an additional 7,094 shares during the period. Institutional investors own 32.26% of the company's stock.
Oppenheimer Company Profile
(
Get Free Report)
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.
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