Oppenheimer Holdings Inc. (NYSE:OPY) Sees Large Decline in Short Interest

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 32,800 shares, a decline of 16.1% from the January 31st total of 39,100 shares. Based on an average daily volume of 26,500 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Oppenheimer by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 385,769 shares of the financial services provider's stock valued at $24,724,000 after acquiring an additional 20,937 shares during the last quarter. American Century Companies Inc. grew its position 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. Arrowstreet Capital Limited Partnership grew its position in Oppenheimer by 3.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,566 shares of the financial services provider's stock valued at $5,804,000 after acquiring an additional 3,119 shares during the last quarter. TCW Group Inc. grew its position in Oppenheimer by 3.5% in the fourth quarter. TCW Group Inc. now owns 79,300 shares of the financial services provider's stock valued at $5,082,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Arbiter Partners Capital Management LLC grew its holdings in shares of 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 worth $3,184,000 after purchasing an additional 26,783 shares during the last quarter. Institutional investors own 32.26% of the company's stock.

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Oppenheimer Price Performance

OPY stock traded down $0.40 during midday trading on Friday, reaching $62.64. The company had a trading volume of 39,856 shares, compared to its average volume of 23,322. The company has a market capitalization of $647.13 million, a price-to-earnings ratio of 9.83 and a beta of 1.12. The stock has a 50 day moving average price of $66.17 and a 200-day moving average price of $59.23. Oppenheimer has a 1-year low of $36.93 and a 1-year high of $73.12. 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 - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 14th. Oppenheimer's dividend payout ratio is presently 11.30%.

Analyst Ratings Changes

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

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.