News coverage about Oppenheimer Holdings (NYSE:OPY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oppenheimer Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.0667581246541 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Oppenheimer Holdings (NYSE OPY) traded down 2.11% during trading on Thursday, hitting $16.25. 28,226 shares of the stock were exchanged. The company’s market cap is $215.77 million. Oppenheimer Holdings has a 1-year low of $13.65 and a 1-year high of $19.65. The firm’s 50-day moving average is $16.44 and its 200 day moving average is $16.76.
Oppenheimer Holdings (NYSE:OPY) last issued its earnings results on Friday, April 28th. The financial services provider reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.50. The business had revenue of $213.26 million for the quarter. Oppenheimer Holdings had a negative return on equity of 2.58% and a negative net margin of 0.25%. Equities analysts forecast that Oppenheimer Holdings will post $0.39 earnings per share for the current fiscal year.
Oppenheimer Holdings declared that its Board of Directors has approved a stock buyback program on Friday, May 5th that allows the company to buyback 650,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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About Oppenheimer Holdings
Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.
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