Oppenheimer (NYSE:OPY) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Oppenheimer Holdings Inc. (NYSE:OPY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.46 and traded as high as $48.55. Oppenheimer shares last traded at $48.50, with a volume of 24,876 shares traded.

Oppenheimer Trading Up 11.4 %

The firm has a market cap of $558.28 million, a price-to-earnings ratio of 14.57 and a beta of 1.15. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $50.27 and a 200-day moving average price of $47.58.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 earnings per share (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 $373.35 million during the quarter.

Oppenheimer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, November 8th. Oppenheimer’s dividend payout ratio (DPR) is 19.41%.

Insider Buying and Selling at Oppenheimer

In other news, insider Dennis P. Mcnamara sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 approximately $1,060,521.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.49% of the stock is owned by insiders.

Institutional Trading of Oppenheimer

Institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC acquired a new stake in shares of Oppenheimer during the 3rd quarter worth approximately $414,000. Marshall Wace LLP increased its position in 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 buying an additional 8,623 shares during the period. Bank of Montreal Can bought a new stake in Oppenheimer in the second quarter valued at $367,000. Beverly Hills Private Wealth LLC boosted its holdings in shares of Oppenheimer by 55.6% during the second 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. Finally, American Century Companies Inc. grew its position in shares of Oppenheimer by 35.3% during the second quarter. American Century Companies Inc. now owns 124,449 shares of the financial services provider’s stock worth $5,962,000 after acquiring an additional 32,444 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

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.