Oppenheimer Holdings, Inc. (NYSE:OPY) Position Decreased by Outfitter Advisors LTD.
Outfitter Advisors LTD. cut its stake in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 80,350 shares of the financial services provider’s stock after selling 1,400 shares during the period. Outfitter Advisors LTD.’s holdings in Oppenheimer Holdings were worth $1,318,000 as of its most recent filing with the SEC.
Oppenheimer Holdings, Inc. (NYSE OPY) opened at 16.00 on Friday. Oppenheimer Holdings, Inc. has a 52 week low of $13.65 and a 52 week high of $19.65. The company’s market cap is $211.86 million. The stock has a 50 day moving average price of $16.29 and a 200 day moving average price of $16.57.
Oppenheimer Holdings (NYSE:OPY) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.26. Oppenheimer Holdings had a negative return on equity of 2.06% and a negative net margin of 1.01%. The business had revenue of $215.88 million during the quarter. On average, equities analysts forecast that Oppenheimer Holdings, Inc. will post $0.10 earnings per share for the current year.
Oppenheimer Holdings announced that its board has authorized a share buyback plan on Friday, May 5th that permits the company to buyback 650,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.75%. Oppenheimer Holdings’s dividend payout ratio (DPR) is presently -68.75%.
Oppenheimer Holdings Company Profile
Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.
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