GSA Capital Partners LLP Boosts Holdings 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 increased its stake in Onespan Inc (NASDAQ:OSPN - Free Report) by 241.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Onespan by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after acquiring an additional 38,362 shares in the last quarter. Legal & General Group Plc lifted its holdings in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 during the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Onespan by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company's stock valued at $17,015,000 after purchasing an additional 70,525 shares during the last quarter. Institutional investors own 95.52% of the company's stock.

Onespan Stock Down 3.2%

Shares of OSPN stock traded down $0.47 on Friday, reaching $14.28. The company's stock had a trading volume of 379,045 shares, compared to its average volume of 370,423. Onespan Inc has a 12-month low of $12.78 and a 12-month high of $20.36. The company has a market capitalization of $545.92 million, a P/E ratio of 9.71 and a beta of 1.12. The stock's 50 day simple moving average is $16.00 and its 200-day simple moving average is $16.37.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 16th. Onespan's dividend payout ratio is 32.65%.

Wall Street Analyst Weigh In

Several research firms have commented on OSPN. Wall Street Zen downgraded shares of Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Onespan in a research report 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.