GAMMA Investing LLC Boosts Stock Position in Onespan Inc (NASDAQ:OSPN)

GAMMA Investing LLC grew its stake in Onespan Inc (NASDAQ:OSPN - Free Report) by 1,501.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,563 shares of the company's stock after acquiring an additional 39,906 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Onespan worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Onespan by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after buying an additional 38,362 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Onespan during the 4th quarter worth $44,699,000. Legal & General Group Plc grew its stake in Onespan by 0.8% during the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock worth $40,706,000 after buying an additional 16,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Onespan by 27.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock worth $40,129,000 after buying an additional 469,628 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Onespan by 28.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after buying an additional 395,222 shares during the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Onespan Price Performance

Onespan stock traded down $0.13 during trading hours on Friday, hitting $15.30. 1,172,726 shares of the stock traded hands, compared to its average volume of 396,313. The firm's 50 day moving average price is $15.59 and its 200-day moving average price is $16.91. The stock has a market capitalization of $584.92 million, a price-to-earnings ratio of 10.41 and a beta of 1.17. Onespan Inc has a 1 year low of $12.28 and a 1 year high of $20.37.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.14%. Onespan's payout ratio is presently 32.65%.

Wall Street Analysts Forecast Growth

OSPN has been the topic of several research analyst reports. Wall Street Zen downgraded Onespan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Rosenblatt Securities restated a "buy" rating and set a $20.00 target price on shares of Onespan in a research note on Friday, May 2nd.

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.