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

Graham Capital Management L.P. bought a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in shares of OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System acquired a new stake in OneSpan in the fourth quarter worth $64,000. Steward Partners Investment Advisory LLC bought a new stake in OneSpan in the fourth quarter valued at $109,000. State of Tennessee Department of Treasury acquired a new position in shares of OneSpan during the fourth quarter valued at about $147,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of OneSpan during the fourth quarter valued at about $152,000. Institutional investors own 95.52% of the company's stock.

OneSpan Trading Down 0.4%

NASDAQ OSPN traded down $0.07 during mid-day trading on Wednesday, hitting $16.04. The company's stock had a trading volume of 217,206 shares, compared to its average volume of 398,375. The firm has a market capitalization of $613.21 million, a price-to-earnings ratio of 21.64 and a beta of 1.21. The company's 50 day simple moving average is $15.25 and its 200 day simple moving average is $17.19. OneSpan Inc. has a twelve month low of $12.28 and a twelve month high of $20.37.

OneSpan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 16th. OneSpan's dividend payout ratio is currently 32.65%.

Analyst Ratings Changes

Several analysts have recently commented on OSPN shares. StockNews.com upgraded OneSpan from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd.

OneSpan Profile

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.