Graham Capital Management L.P. Makes New Investment in OneSpan Inc. (NASDAQ:OSPN)

Graham Capital Management L.P. purchased a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,826 shares of the company's stock, valued at approximately $442,000. Graham Capital Management L.P. owned 0.06% of OneSpan as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OSPN. Hillsdale Investment Management Inc. raised its position in shares of OneSpan by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock worth $4,562,000 after purchasing an additional 900 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of OneSpan by 8.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock valued at $384,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock valued at $380,000 after purchasing an additional 1,780 shares in the last quarter. R Squared Ltd bought a new stake in shares of OneSpan in the fourth quarter valued at about $37,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock worth $6,218,000 after buying an additional 2,182 shares during the period. Institutional investors own 95.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OSPN. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd. Wall Street Zen downgraded OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Thursday.

OneSpan Trading Up 0.1%

OSPN stock traded up $0.02 during mid-day trading on Thursday, hitting $16.01. 14,168 shares of the company were exchanged, compared to its average volume of 397,334. The business has a 50 day simple moving average of $15.25 and a 200-day simple moving average of $17.18. The stock has a market capitalization of $612.06 million, a PE ratio of 21.59 and a beta of 1.21. OneSpan Inc. has a 1-year low of $12.28 and a 1-year high of $20.37.

OneSpan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, May 16th. OneSpan's dividend payout ratio is currently 32.65%.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.