Onespan Inc $OSPN Shares Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Onespan Inc by 60.3% in the first quarter, now owning 112,303 shares valued at approximately $1.71 million.
• Onespan has a market capitalization of $546.59 million and recently announced a quarterly dividend of $0.12, set to yield 3.4% annually.
• Analysts show mixed sentiment, with some cutting ratings and target prices, while overall the stock holds a consensus Buy rating with an average target of $18.00.

Campbell & CO Investment Adviser LLC boosted its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 60.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,303 shares of the company's stock after acquiring an additional 42,238 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.29% of Onespan worth $1,713,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new position in shares of Onespan during the fourth quarter valued at approximately $287,000. Wells Fargo & Company MN boosted its position in shares of Onespan by 183.8% during the fourth quarter. Wells Fargo & Company MN now owns 38,759 shares of the company's stock valued at $719,000 after buying an additional 25,104 shares during the period. Invesco Ltd. boosted its position in shares of Onespan by 13.3% during the fourth quarter. Invesco Ltd. now owns 61,492 shares of the company's stock valued at $1,140,000 after buying an additional 7,198 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Onespan during the fourth quarter valued at approximately $511,000. Finally, Barclays PLC boosted its holdings in shares of Onespan by 9.9% in the fourth quarter. Barclays PLC now owns 73,350 shares of the company's stock valued at $1,361,000 after purchasing an additional 6,631 shares during the period. 95.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

OSPN has been the subject of a number of research reports. Wall Street Zen lowered Onespan from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities lowered their price target on Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, B. Riley initiated coverage on Onespan in a report on Tuesday. They issued a "buy" rating and a $23.00 price target for the company. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $19.67.

Onespan Stock Performance

NASDAQ:OSPN traded up $0.03 during trading hours on Thursday, reaching $14.85. The company's stock had a trading volume of 427,772 shares, compared to its average volume of 471,651. The company has a market capitalization of $569.20 million, a P/E ratio of 9.83 and a beta of 1.12. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36. The stock has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $15.71.

Onespan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. Onespan's dividend payout ratio is presently 31.79%.

Insiders Place Their Bets

In other Onespan news, Director Marc Zenner purchased 2,200 shares of Onespan stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $12.80 per share, with a total value of $28,160.00. Following the completion of the transaction, the director owned 71,273 shares in the company, valued at approximately $912,294.40. This trade represents a 3.19% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Garry L. Capers purchased 2,000 shares of Onespan stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the transaction, the director owned 36,894 shares of the company's stock, valued at approximately $482,204.58. This represents a 5.73% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company's stock.

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.