Shares last traded at $21.75 well above $17.74, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $16.71. The 50 day moving average was up $4.01 or +22.60% whereas the 200 day moving average was up $5.04 or +30.16%. (NYSE:OPY) shares saw heavy trading volume with 195K shares changing hands on Tuesday. Overall, volume was up 209.70% over the stocks normal daily volume.
Short traders are feeling a little more bearish on the company recently as implied by the uptick in short interest. The stock experienced a rise in short interest of 13.16% between September 29, 2017 and October 13, 2017. Short shares grew from 92,753 to 104,961 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.
The following firms have recently changed their position in OPY. As of quarter end Private Capital Management, LLC had sold 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 $357,000 quarter over quarter. As of the end of the quarter Ubs Group Ag had acquired a total of 948 shares growing its holdings by 380.7%. The value of the investment in (OPY) increased from $4,000 to $20,000 increasing 400.0% since the last quarter.
Shell Asset Management CO downsized its ownership by shedding 500 shares a decrease of 2.8%. Shell Asset Management CO now controls 17,393 shares valued at $302,000. The value of the position overall is up by 3.1%. Nationwide Fund Advisors cut its stake by selling 900 shares a decrease of 8.7% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors owns 9,486 shares with a value of $165,000. The total value of its holdings decreased 2.9%.
The company is trading up since yesterday’s close of $21.75. Additionally Oppenheimer Holdings, Inc. Clas announced a dividend for shareholders to be paid on Friday November 24th, 2017. The dividend will be $0.110 per share for the quarter which comes to $0.44 on an annualized basis. This dividend represents a yield of $2.20. The ex-dividend date has been established as Wednesday the 9th of August 2017.
As of the latest earnings report the EPS was $-0.65 and is projected to be $0.10 for the current year with 13,241,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.22 with next year’s EPS 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)..