24,641 Shares in Onespan Inc (NASDAQ:OSPN) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 24,641 shares of Onespan Inc, valued at approximately $376,000, during the 1st quarter, increasing its ownership to 0.06% of the company.
• Onespan's stock has seen a decline of 3.2% recently, with shares trading at $14.28 and a market cap of $545.92 million.
• The company declared a $0.12 quarterly dividend, reflecting an annualized dividend yield of 3.4% and a payout ratio of 32.65%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,641 shares of the company's stock, valued at approximately $376,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Onespan at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new position in Onespan in the first quarter valued at approximately $261,000. Allianz Asset Management GmbH acquired a new position in Onespan during the 1st quarter worth approximately $1,827,000. Foundry Partners LLC bought a new stake in shares of Onespan in the 1st quarter valued at $574,000. Segall Bryant & Hamill LLC lifted its stake in shares of Onespan by 11.8% in the first quarter. Segall Bryant & Hamill LLC now owns 204,415 shares of the company's stock valued at $3,117,000 after buying an additional 21,594 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Onespan by 49.3% in the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company's stock valued at $1,324,000 after purchasing an additional 28,660 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Onespan Trading Down 9.4%

NASDAQ:OSPN traded down $1.31 during mid-day trading on Thursday, hitting $12.59. The stock had a trading volume of 442,318 shares, compared to its average volume of 408,590. The company has a market capitalization of $481.12 million, a PE ratio of 8.36 and a beta of 1.12. Onespan Inc has a twelve month low of $12.53 and a twelve month high of $20.36. The stock has a 50-day simple moving average of $15.90 and a two-hundred day simple moving average of $16.29.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 3.8%. Onespan's payout ratio is 31.79%.

Analyst Ratings Changes

A number of research firms have recently commented on OSPN. Rosenblatt Securities cut their price objective on shares of Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday. Wall Street Zen downgraded shares of Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Onespan Company 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.