Oppenheimer Holdings Inc. (NYSE:OPY – Get Free Report)’s share price gapped up before the market opened 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.
Oppenheimer Stock Performance
The firm has a market cap of $538.14 million, a PE ratio of 13.81 and a beta of 1.15. The stock has a 50-day moving average price of $50.21 and a 200 day moving average price of $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.
Oppenheimer (NYSE:OPY – Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.92 EPS for the quarter. The company 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 Activity at Oppenheimer
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Oppenheimer during the 2nd quarter worth about $56,000. Bank of Montreal Can purchased a new stake in Oppenheimer during the second quarter worth approximately $367,000. Inspire Investing LLC acquired a new stake in shares of Oppenheimer in the third quarter worth $414,000. Marshall Wace LLP increased its position in shares of Oppenheimer by 141.1% in the second quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 8,623 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC raised its stake in shares of Oppenheimer by 55.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,850 shares of the financial services provider’s stock valued at $951,000 after acquiring an additional 7,094 shares during the period. Institutional investors and hedge funds own 32.26% of the company’s stock.
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.
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