Oppenheimer (NYSE:OPY) Stock Price Down 4.7% – Time to Sell?

Oppenheimer Holdings Inc. (NYSE:OPY)’s share price was down 4.7% on Friday . The company traded as low as $69.77 and last traded at $69.14. Approximately 7,356 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 21,868 shares. The stock had previously closed at $72.52.

Oppenheimer Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $707.88 million, a PE ratio of 10.66 and a beta of 1.14. The company has a 50-day moving average of $65.05 and a 200 day moving average of $56.86.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a net margin of 5.27% and a return on equity of 9.50%.

Institutional Investors Weigh In On Oppenheimer

Institutional investors and hedge funds have recently made changes to their positions in the business. TCW Group Inc. raised its position in Oppenheimer by 53.2% during the 3rd quarter. TCW Group Inc. now owns 76,600 shares of the financial services provider’s stock worth $3,919,000 after buying an additional 26,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Oppenheimer by 403.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,153 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 13,747 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Oppenheimer during the 3rd quarter worth $464,000. Marshall Wace LLP lifted its holdings in shares of Oppenheimer by 141.1% in the second quarter. Marshall Wace LLP now owns 14,736 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 8,623 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Oppenheimer in the third quarter worth $414,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

About Oppenheimer

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.