Insider Buying: Oppenheimer Holdings Inc. (OPY) CEO Purchases 1,007 Shares of Stock

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Oppenheimer Holdings Inc. (NYSE:OPY) CEO Albert G. Lowenthal purchased 1,007 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average cost of $26.33 per share, with a total value of $26,514.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of OPY stock opened at $26.85 on Wednesday. Oppenheimer Holdings Inc. has a 12-month low of $23.51 and a 12-month high of $34.15. The stock has a market cap of $352.88 million, a P/E ratio of 9.67 and a beta of 1.22. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, February 1st. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.14). Oppenheimer had a return on equity of 7.08% and a net margin of 3.02%. The company had revenue of $243.25 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, February 14th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its stake in shares of Oppenheimer by 12.9% in the fourth quarter. Citigroup Inc. now owns 3,599 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 411 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Oppenheimer by 8,519.7% in the fourth quarter. Bank of Montreal Can now owns 5,689 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 5,623 shares during the last quarter. Gluskin Sheff & Assoc Inc. bought a new position in shares of Oppenheimer in the third quarter worth about $221,000. MetLife Investment Advisors LLC raised its stake in shares of Oppenheimer by 54.9% in the third quarter. MetLife Investment Advisors LLC now owns 7,742 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 2,744 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Oppenheimer by 45.7% in the third quarter. Meeder Asset Management Inc. now owns 7,979 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 2,502 shares during the last quarter. 48.40% of the stock is owned by institutional investors.

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Oppenheimer Company Profile

Oppenheimer Holdings Inc, through its subsidiaries, provides middle-market investment bank and full service broker-dealer products and services. The company offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services.

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