Foundry Partners LLC Makes New Investment in Onespan Inc (NASDAQ:OSPN)

Foundry Partners LLC purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 37,625 shares of the company's stock, valued at approximately $574,000. Foundry Partners LLC owned 0.10% of Onespan at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSPN. Copeland Capital Management LLC purchased a new position in shares of Onespan during the first quarter valued at about $64,000. State of Tennessee Department of Treasury purchased a new position in shares of Onespan during the fourth quarter worth approximately $147,000. KLP Kapitalforvaltning AS purchased a new position in shares of Onespan during the fourth quarter worth approximately $152,000. NewEdge Advisors LLC purchased a new position in shares of Onespan during the fourth quarter worth approximately $189,000. Finally, MQS Management LLC purchased a new position in shares of Onespan during the first quarter worth approximately $158,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Onespan Trading Down 2.3%

Shares of NASDAQ:OSPN traded down $0.36 on Thursday, hitting $15.04. 68,185 shares of the company were exchanged, compared to its average volume of 411,215. Onespan Inc has a 1-year low of $12.78 and a 1-year high of $20.36. The stock's 50 day moving average price is $16.16 and its 200 day moving average price is $16.57. The firm has a market capitalization of $574.79 million, a P/E ratio of 10.23 and a beta of 1.15.

Onespan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.19%. 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.