Beverly Hills Private Wealth LLC Raises Stock Holdings in Oppenheimer Holdings Inc. (NYSE:OPY)

Beverly Hills Private Wealth LLC raised its position in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 55.6% during the 2nd quarter, Holdings Channel reports. The firm owned 19,850 shares of the financial services provider’s stock after buying an additional 7,094 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Oppenheimer were worth $951,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of OPY. Innealta Capital LLC purchased a new stake in Oppenheimer in the second quarter valued at approximately $56,000. Quest Partners LLC purchased a new position in shares of Oppenheimer during the fourth quarter worth $360,000. Quadrature Capital Ltd raised its stake in shares of Oppenheimer by 31.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,884 shares of the financial services provider’s stock valued at $574,000 after buying an additional 3,308 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Oppenheimer by 74.8% in the 2nd quarter. Acadian Asset Management LLC now owns 24,387 shares of the financial services provider’s stock valued at $1,167,000 after buying an additional 10,433 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Oppenheimer during the second quarter worth about $1,197,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oppenheimer

In other Oppenheimer news, insider Dennis P. Mcnamara sold 6,000 shares of the company’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 directly owns 20,681 shares in the company, valued at $1,060,521.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.49% of the company’s stock.

Oppenheimer Stock Down 0.1 %

Shares of OPY stock opened at $50.04 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Oppenheimer Holdings Inc. has a twelve month low of $32.82 and a twelve month high of $58.35. The stock has a 50 day moving average of $51.32 and a 200 day moving average of $45.23. The stock has a market cap of $516.86 million, a P/E ratio of 13.49 and a beta of 1.15.

Oppenheimer (NYSE:OPY) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.92 EPS for the quarter. Oppenheimer had a net margin of 4.70% and a return on equity of 8.33%. The company had revenue of $330.59 million for the quarter.

Oppenheimer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, August 9th. Oppenheimer’s dividend payout ratio (DPR) is presently 19.41%.

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.