Oppenheimer Holdings, Inc. Clas (NYSE:OPY) Closed Above Its 50 Day Average


Shares of the company are trading at $18.30 which is marginally higher than $17.11, the 50 day moving average and which is quite a bit above the 200 day moving average of $16.57. The 50 day moving average went up by +6.94% and the 200 day average went up by +10.45%. (NYSE:OPY) shares saw light trading volume with 1,340 shares changing hands in the last trading session. Trading volume was down 96.22% under the stocks average daily volume.

Short traders are feeling a little more bullish on shares of the company looking at the change in short interest. The company realized a fall in short interest of -24.75% between September 15, 2017 and September 29, 2017. Short shares decreased 30,505 over that timeframe. The days to cover decreased to 2.0 and the short interest percentage is 0.01% as of September 29.

These firms have modified their investment in OPY. Two Sigma Advisers, Lp downsized its position by selling 8,162 shares a decrease of 27.0% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp controls 22,038 shares valued at $361,000. The total value of its holdings decreased 30.0%. As of the end of the quarter Private Capital Management, LLC had disposed of a total of 5,562 shares trimming its stake by 1.5%. The value in dollars went from $6,497,000 to $6,140,000 a change of 5.5% quarter to quarter.

As of quarter end Ubs Group Ag had bought 948 shares growing its holdings by 380.7%. The value of the investment in (OPY) increased from $4,000 to $20,000 a change of $16,000 for the reporting period. Shell Asset Management CO divested its investment by shedding 500 shares a decrease of 2.8% in the quarter. Shell Asset Management CO owns 17,393 shares with a value of $302,000. The value of the position overall is up by 3.1%.

The company is trading down since yesterday’s close of 18.45. The company recently announced a dividend that was paid on Friday the 25th of August 2017. The dividend payment was $0.110 per share for the quarter which is $0.44 annualized. This dividend amount represented a yield of $2.44. The ex-dividend date was set for Wednesday the 9th of August 2017.

As of the latest earnings report the EPS was $-0.65 and is expected to be $0.10 for the current year with 13,241,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.40 and the next full year EPS is projected to be $1.46.

Oppenheimer Holdings Inc., launched on May 11, 2009, is a middle-market investment bank and service broker-dealer. The Company is involved in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), research, market-making, trust services, and investment advisory and asset management services. The Business’s segments are Private Client, Asset Management, Capital Markets, Commercial Mortgage Banking and Corporate/Other. The Business’s subsidiaries include Oppenheimer & Co. Inc. (Oppenheimer), Oppenheimer Asset Management (OAM), Freedom Investments, Inc. (Freedom), Oppenheimer Trust Company (Oppenheimer Trust), OPY Credit Corp. and Oppenheimer Multifamily Housing & Healthcare Finance, Inc. (OMHHF). The Business’s international businesses are carried on through Oppenheimer Europe Ltd. (United Kingdom), Oppenheimer Investments Asia Ltd. (Hong Kong) and Oppenheimer Israel (OPCO) Ltd. (Israel)..

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