Martingale Asset Management L P cut its holdings in Oppenheimer Holdings Inc. (NYSE:OPY) by 26.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,800 shares of the financial services provider’s stock after selling 7,700 shares during the period. Martingale Asset Management L P owned about 0.17% of Oppenheimer worth $568,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Research Corp acquired a new stake in shares of Oppenheimer in the first quarter valued at approximately $31,000. BNP Paribas Arbitrage SA grew its stake in shares of Oppenheimer by 99.2% in 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 in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Oppenheimer by 389.8% in 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 in the last quarter. Citigroup Inc. grew 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 valued at $92,000 after buying an additional 411 shares in the last quarter. Finally, Bank of Montreal Can grew 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 valued at $145,000 after buying an additional 5,623 shares in the last quarter. Institutional investors own 47.63% of the company’s stock.
Shares of NYSE:OPY traded down $0.20 during midday trading on Friday, hitting $27.22. The stock had a trading volume of 143,824 shares, compared to its average volume of 64,438. Oppenheimer Holdings Inc. has a 12 month low of $23.51 and a 12 month high of $34.15. The company has a current ratio of 1.31, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $26.05. The firm has a market capitalization of $357.06 million, a P/E ratio of 8.90 and a beta of 1.13.
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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