GSA Capital Partners LLP Has $1.15 Million Stake in ONESPAN INC (NASDAQ:OSPN)

Key Points

• GSA Capital Partners LLP increased its stake in Onespan Inc (NASDAQ:OSPN) by 241.2%, owning 75,657 shares worth approximately $1.15 million at the end of the first quarter.
• Onespan recently declared a quarterly dividend of $0.12 per share, yielding 3.23% annually, with a payout ratio of 32.65%.
• The company has a market capitalization of $568.10 million and currently has a price-to-earnings ratio (P/E) of 10.11.

GSA Capital Partners LLP grew its holdings in ONESPAN INC (NASDAQ:OSPN - Free Report) by 241.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,657 shares of the company's stock after acquiring an additional 53,486 shares during the quarter. GSA Capital Partners LLP owned 0.20% of ONESPAN worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OSPN. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ONESPAN during the 1st quarter worth approximately $195,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ONESPAN by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock valued at $395,000 after buying an additional 3,994 shares during the period. GAMMA Investing LLC grew its position in ONESPAN by 1,501.9% during the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company's stock worth $649,000 after buying an additional 39,906 shares in the last quarter. Victory Capital Management Inc. increased its stake in ONESPAN by 49.3% during the 1st quarter. Victory Capital Management Inc. now owns 86,794 shares of the company's stock worth $1,324,000 after acquiring an additional 28,660 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in ONESPAN by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company's stock worth $546,000 after acquiring an additional 12,332 shares during the period. 95.52% of the stock is currently owned by institutional investors and hedge funds.

ONESPAN Trading Down 3.2%

NASDAQ OSPN traded down $0.47 on Friday, hitting $14.28. 379,045 shares of the company's stock were exchanged, compared to its average volume of 370,423. ONESPAN INC has a 52 week low of $12.78 and a 52 week high of $20.36. The stock has a 50-day moving average of $16.03 and a 200-day moving average of $16.42. The stock has a market cap of $545.92 million, a price-to-earnings ratio of 13.53 and a beta of 1.12.

ONESPAN Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 16th. ONESPAN's payout ratio is currently 32.65%.

Wall Street Analyst Weigh In

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

ONESPAN Company Profile

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.