AQR Capital Management LLC Grows Stock Holdings in Onespan Inc $OSPN

Key Points

• AQR Capital Management LLC increased its stake in Onespan Inc by 55.3%, acquiring an additional 201,585 shares to reach a total of 565,993 shares valued at approximately $8.63 million.
• Onespan's stock has experienced a growth of 2.2%, with a recent trading price of $15.41 and a market capitalization of $590.67 million.
• The company announced a quarterly dividend of $0.12 per share, which is part of an annualized dividend yield of 3.1% based on a payout ratio of 31.79%.

AQR Capital Management LLC increased its position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 55.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565,993 shares of the company's stock after buying an additional 201,585 shares during the quarter. AQR Capital Management LLC owned 1.48% of Onespan worth $8,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OSPN. Northern Trust Corp raised its position in Onespan by 5.4% in the fourth quarter. Northern Trust Corp now owns 406,790 shares of the company's stock worth $7,542,000 after purchasing an additional 20,854 shares in the last quarter. Deutsche Bank AG raised its position in Onespan by 38.1% in the fourth quarter. Deutsche Bank AG now owns 39,853 shares of the company's stock worth $739,000 after purchasing an additional 10,988 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Onespan in the fourth quarter worth about $442,000. Lazard Asset Management LLC boosted its position in Onespan by 49.9% in the fourth quarter. Lazard Asset Management LLC now owns 38,355 shares of the company's stock valued at $710,000 after buying an additional 12,767 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Onespan by 147.5% in the fourth quarter. Millennium Management LLC now owns 56,911 shares of the company's stock valued at $1,055,000 after buying an additional 33,913 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Insider Buying and Selling

In related news, Director Marc Zenner acquired 2,200 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $12.80 per share, with a total value of $28,160.00. Following the completion of the purchase, the director directly owned 71,273 shares in the company, valued at $912,294.40. This trade represents a 3.19% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Garry L. Capers acquired 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $13.07 per share, with a total value of $26,140.00. Following the completion of the purchase, the director owned 36,894 shares of the company's stock, valued at approximately $482,204.58. The trade was a 5.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley began coverage on shares of Onespan in a report on Tuesday, August 26th. They set a "buy" rating and a $23.00 price objective for the company. Rosenblatt Securities reduced their target price on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $19.67.

Onespan Stock Performance

Shares of NASDAQ OSPN traded up $0.21 during midday trading on Monday, reaching $15.54. The company's stock had a trading volume of 609,148 shares, compared to its average volume of 420,322. The business's 50 day moving average price is $14.92 and its two-hundred day moving average price is $15.42. Onespan Inc has a fifty-two week low of $12.51 and a fifty-two week high of $20.36. The company has a market cap of $595.65 million, a P/E ratio of 10.29 and a beta of 1.30.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 15th. Onespan's dividend payout ratio is currently 31.79%.

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.