Kovack Advisors Inc. Reduces Stock Holdings in Onespan Inc (NASDAQ:OSPN)

Kovack Advisors Inc. trimmed its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,925 shares of the company's stock after selling 23,375 shares during the quarter. Kovack Advisors Inc. owned about 0.30% of Onespan worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Onespan by 27.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock worth $40,129,000 after acquiring an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Onespan by 28.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after purchasing an additional 395,222 shares in the last quarter. LSV Asset Management acquired a new position in Onespan during the 4th quarter worth $4,760,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Onespan by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock valued at $14,962,000 after purchasing an additional 219,813 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Onespan during the 4th quarter worth approximately $3,729,000. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Rosenblatt Securities restated 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 report on Thursday, May 22nd.

Onespan Stock Up 0.1%

Onespan stock traded up $0.02 during mid-day trading on Monday, hitting $15.10. 59,969 shares of the stock were exchanged, compared to its average volume of 409,534. The firm's fifty day simple moving average is $16.11 and its two-hundred day simple moving average is $16.49. The stock has a market capitalization of $577.08 million, a price-to-earnings ratio of 10.27 and a beta of 1.15. Onespan Inc has a 12 month low of $12.78 and a 12 month high of $20.36.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.18%. Onespan's dividend payout ratio (DPR) is currently 32.65%.

Onespan 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.