Meeder Asset Management Inc. boosted its stake in Oppenheimer Holdings Inc. (NYSE:OPY) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,311 shares of the financial services provider’s stock after acquiring an additional 4,704 shares during the period. Meeder Asset Management Inc. owned 0.19% of Oppenheimer worth $662,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Investors Research Corp bought a new stake in Oppenheimer in the first quarter valued at $31,000. BNP Paribas Arbitrage SA lifted its position in Oppenheimer by 99.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,201 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,096 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Oppenheimer by 389.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,448 shares of the financial services provider’s stock valued at $88,000 after buying an additional 2,744 shares during the period. Aperio Group LLC purchased a new position in Oppenheimer during the second quarter valued at $160,000. Finally, SG Americas Securities LLC purchased a new position in Oppenheimer during the first quarter valued at $171,000. Institutional investors and hedge funds own 46.85% of the company’s stock.
Shares of Oppenheimer stock opened at $26.97 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $350.94 million, a P/E ratio of 8.17 and a beta of 1.14. The business has a fifty day simple moving average of $28.44 and a two-hundred day simple moving average of $27.04. Oppenheimer Holdings Inc. has a 12 month low of $23.51 and a 12 month high of $34.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.48 annualized dividend and a yield of 1.78%. This is a positive change from Oppenheimer’s previous quarterly dividend of $0.11.
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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