Alps Advisors Inc. Invests $340,000 in Onespan Inc (NASDAQ:OSPN)

Alps Advisors Inc. bought a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,300 shares of the company's stock, valued at approximately $340,000. Alps Advisors Inc. owned about 0.06% of Onespan as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Copeland Capital Management LLC acquired a new position in Onespan during the 1st quarter worth about $64,000. State of Tennessee Department of Treasury purchased a new stake in Onespan during the fourth quarter worth about $147,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Onespan during the fourth quarter worth about $152,000. NewEdge Advisors LLC acquired a new position in shares of Onespan in the fourth quarter valued at approximately $189,000. Finally, ProShare Advisors LLC purchased a new stake in Onespan during the 4th quarter worth approximately $198,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Onespan Trading Down 0.7%

NASDAQ:OSPN traded down $0.10 during mid-day trading on Friday, hitting $15.04. The stock had a trading volume of 285,475 shares, compared to its average volume of 405,254. Onespan Inc has a twelve month low of $12.78 and a twelve month high of $20.37. The stock has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $16.67. The company has a market capitalization of $574.98 million, a PE ratio of 10.23 and a beta of 1.15.

Onespan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's payout ratio is 32.65%.

Wall Street Analyst Weigh In

OSPN has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen lowered Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.