22,300 Shares in Onespan Inc (NASDAQ:OSPN) Bought by Alps Advisors Inc.

Alps Advisors Inc. purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Onespan in the first quarter worth approximately $195,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Onespan by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock worth $395,000 after buying an additional 3,994 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Onespan by 1,501.9% in the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company's stock worth $649,000 after buying an additional 39,906 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Onespan by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company's stock worth $546,000 after buying an additional 12,332 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Onespan by 20.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,540 shares of the company's stock worth $1,716,000 after buying an additional 15,834 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OSPN shares. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of Onespan in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Onespan Trading Down 0.7%

NASDAQ OSPN traded down $0.10 on Friday, reaching $15.04. 285,476 shares of the stock were exchanged, compared to its average volume of 404,354. Onespan Inc has a one year low of $12.78 and a one year high of $20.37. The firm has a market capitalization of $574.98 million, a PE ratio of 10.23 and a beta of 1.15. The company's 50-day simple moving average is $16.23 and its two-hundred day simple moving average is $16.63.

Onespan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's 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.