Caxton Associates LLP Purchases Shares of 35,227 Onespan Inc $OSPN

Key Points

• Caxton Associates LLP has acquired a new stake in Onespan Inc worth approximately $537,000, holding around 35,227 shares, as per its latest SEC filing.
• Several hedge funds have modified their holdings in Onespan, with GAMMA Investing LLC increasing its holdings by 1,501.9%, representing significant investor interest in the company.
• Analysts have given Onespan a consensus rating of "Buy", with a price target averaging $19.67, following recent upgrades and downgrades by equity research firms.

Caxton Associates LLP bought a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,227 shares of the company's stock, valued at approximately $537,000. Caxton Associates LLP owned about 0.09% of Onespan as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank grew its stake in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock valued at $38,000 after acquiring an additional 2,021 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Onespan during the 1st quarter worth approximately $64,000. Meeder Asset Management Inc. grew its position in shares of Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after purchasing an additional 783 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Onespan in the first quarter valued at approximately $158,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Onespan during the first quarter worth approximately $183,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSPN has been the topic of several analyst reports. Rosenblatt Securities reduced their price target on Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Wall Street Zen raised shares of Onespan from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, B. Riley initiated coverage on shares of Onespan in a research report on Tuesday, August 26th. They set a "buy" rating and a $23.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $19.67.

Onespan Stock Performance

Shares of NASDAQ OSPN traded up $0.17 during trading on Wednesday, reaching $15.78. The stock had a trading volume of 34,151 shares, compared to its average volume of 417,561. Onespan Inc has a fifty-two week low of $12.51 and a fifty-two week high of $20.36. The business's 50-day moving average price is $14.82 and its 200-day moving average price is $15.41. The company has a market cap of $604.85 million, a P/E ratio of 10.43 and a beta of 1.30.

Onespan Dividend Announcement

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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 15th. Onespan's payout ratio is currently 31.79%.

Insider Transactions at Onespan

In other Onespan news, 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 price of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director owned 36,894 shares of the company's stock, valued at $482,204.58. This trade represents a 5.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marc Zenner acquired 2,200 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $12.80 per share, with a total value of $28,160.00. Following the acquisition, the director directly owned 71,273 shares of the company's stock, valued at approximately $912,294.40. This represents a 3.19% increase in their position. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.

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.