Onespan Inc (NASDAQ:OSPN) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 1,501.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Onespan by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after acquiring an additional 38,362 shares during the period. Raymond James Financial Inc. bought a new position in shares of Onespan in the fourth quarter worth $44,699,000. Legal & General Group Plc increased its holdings in shares of Onespan by 0.8% during the fourth quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock valued at $40,706,000 after purchasing an additional 16,901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Onespan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock valued at $40,129,000 after purchasing an additional 469,628 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Onespan by 28.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock valued at $32,710,000 after purchasing an additional 395,222 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OSPN shares. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Onespan Stock Down 0.5%

NASDAQ OSPN traded down $0.07 on Friday, reaching $15.36. 68,364 shares of the stock traded hands, compared to its average volume of 396,535. Onespan Inc has a 12 month low of $12.28 and a 12 month high of $20.37. The company has a market cap of $587.21 million, a price-to-earnings ratio of 10.47 and a beta of 1.17. The firm's fifty day simple moving average is $15.57 and its 200 day simple moving average is $16.96.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.13%. Onespan's dividend payout ratio is currently 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.