KLP Kapitalforvaltning AS Purchases 19,400 Shares of Onespan Inc (NASDAQ:OSPN)

Key Points

• KLP Kapitalforvaltning AS significantly increased its stake in Onespan Inc by 236.6% in the first quarter, owning 27,600 shares valued at $421,000.
• Onespan announced a quarterly dividend of $0.12, yielding 3.23% annually, with a payout ratio of 32.65% as of the most recent filing.
• Wall Street analysts have varying opinions on Onespan, with Rosenblatt Securities maintaining a "buy" rating and setting a price target of $20.00 for the stock.

KLP Kapitalforvaltning AS increased its holdings in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 236.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,600 shares of the company's stock after purchasing an additional 19,400 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.07% of Onespan worth $421,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Onespan by 1.1% in the fourth 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. Legal & General Group Plc boosted its position 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 buying an additional 16,901 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 buying an additional 469,628 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 buying an additional 395,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 70,525 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Onespan Stock Performance

Onespan stock traded down $0.47 during mid-day trading 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 firm's fifty day moving average price is $16.00 and its two-hundred day moving average price is $16.37.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. Onespan's dividend payout ratio (DPR) is presently 32.65%.

Analyst Ratings Changes

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

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.