D. E. Shaw & Co. Inc. Trims Stake in OneSpan Inc. (NASDAQ:OSPN)

D. E. Shaw & Co. Inc. cut its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 72.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,081 shares of the company's stock after selling 145,465 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.15% of OneSpan worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its holdings in shares of OneSpan by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after buying an additional 900 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its position in OneSpan by 8.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock valued at $384,000 after acquiring an additional 1,700 shares during the period. Principal Financial Group Inc. boosted its stake in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after acquiring an additional 1,780 shares in the last quarter. R Squared Ltd purchased a new stake in OneSpan in the fourth quarter worth about $37,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock valued at $6,218,000 after purchasing an additional 2,182 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OSPN. 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 downgraded shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

OneSpan Price Performance

NASDAQ OSPN traded up $0.02 during mid-day trading on Thursday, reaching $15.87. The stock had a trading volume of 239,125 shares, compared to its average volume of 397,626. The stock has a market cap of $606.71 million, a PE ratio of 21.45 and a beta of 1.21. OneSpan Inc. has a 1 year low of $12.28 and a 1 year high of $20.37. The company has a fifty day moving average price of $15.23 and a 200 day moving average price of $17.13.

OneSpan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.02%. OneSpan's dividend payout ratio is presently 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.