GSA Capital Partners LLP Buys New Holdings in Onespan Inc $OSPN

GSA Capital Partners LLP bought a new position in Onespan Inc (NASDAQ:OSPN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 109,204 shares of the company's stock, valued at approximately $1,567,000. GSA Capital Partners LLP owned 0.29% of Onespan at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OSPN. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Onespan by 81.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,000 shares of the company's stock valued at $26,000 after buying an additional 900 shares during the period. Deutsche Bank AG lifted its holdings in shares of Onespan by 4.7% during the 4th quarter. Deutsche Bank AG now owns 33,569 shares of the company's stock worth $431,000 after acquiring an additional 1,522 shares during the period. Amundi lifted its holdings in shares of Onespan by 10.0% during the 4th quarter. Amundi now owns 18,463 shares of the company's stock worth $237,000 after acquiring an additional 1,676 shares during the period. GAMMA Investing LLC boosted its position in shares of Onespan by 33.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,960 shares of the company's stock valued at $100,000 after acquiring an additional 1,755 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Onespan by 15.5% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,750 shares of the company's stock valued at $177,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Onespan Price Performance

Shares of NASDAQ:OSPN opened at $16.34 on Monday. The company's fifty day moving average is $14.99 and its 200-day moving average is $12.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. Onespan Inc has a 52 week low of $10.07 and a 52 week high of $18.48. The company has a market capitalization of $602.13 million, a PE ratio of 9.18, a P/E/G ratio of 1.42 and a beta of 1.53.

Onespan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The company had revenue of $60.47 million during the quarter, compared to analyst estimates of $58.25 million. Equities research analysts predict that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.52 annualized dividend and a yield of 3.2%. Onespan's dividend payout ratio (DPR) is presently 29.21%.

Insider Transactions at Onespan

In other Onespan news, CFO Jorge Garcia Martell sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the sale, the chief financial officer owned 91,018 shares of the company's stock, valued at approximately $1,315,210.10. This represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on OSPN shares. Zacks Research raised shares of Onespan from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. Wall Street Zen cut shares of Onespan from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Onespan from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday. Rosenblatt Securities increased their target price on Onespan from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, DA Davidson increased their target price on Onespan from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $19.00.

Onespan Company Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.

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