Two Sigma Advisers LP raised its position in Oppenheimer Holdings (NYSE:OPY) by 217.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 79,700 shares of the financial services provider’s stock after purchasing an additional 54,600 shares during the period. Two Sigma Advisers LP’s holdings in Oppenheimer were worth $2,136,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Oppenheimer in the 4th quarter valued at $202,000. Tower Research Capital LLC TRC lifted its holdings in Oppenheimer by 1,053.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 7,650 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Oppenheimer by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,985 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 1,089 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Oppenheimer in the 4th quarter valued at $269,000. Finally, Wells Fargo & Company MN lifted its holdings in Oppenheimer by 56.1% in the 3rd quarter. Wells Fargo & Company MN now owns 11,034 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 3,965 shares in the last quarter. Institutional investors own 45.83% of the company’s stock.
NYSE OPY opened at $25.70 on Monday. Oppenheimer Holdings has a 52 week low of $15.10 and a 52 week high of $29.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 1.23. The firm has a market cap of $340.27, a PE ratio of 28.88 and a beta of 1.52.
Oppenheimer (NYSE:OPY) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.85 EPS for the quarter. Oppenheimer had a return on equity of 2.50% and a net margin of 2.48%. The business had revenue of $264.97 million for the quarter.
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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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