MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 177,011 Shares of Onespan Inc $OSPN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Onespan Inc (OSPN) by 8.2% during the first quarter, owning approximately 6.12% of the company valued at $35.7 million.
• Onespan recently declared a quarterly dividend of $0.12 per share, resulting in an annualized dividend yield of 3.2%.
• Research analysts have a consensus "Buy" rating on Onespan shares, with the target price ranging from $17.00 to $23.00 per share.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,341,305 shares of the company's stock after acquiring an additional 177,011 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 6.12% of Onespan worth $35,709,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OSPN. Northern Trust Corp boosted its position in Onespan by 5.4% during the fourth quarter. Northern Trust Corp now owns 406,790 shares of the company's stock valued at $7,542,000 after acquiring an additional 20,854 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 acquiring an additional 395,222 shares during the last quarter. Centiva Capital LP bought a new stake in Onespan during the fourth quarter valued at $413,000. Deutsche Bank AG boosted its position in Onespan by 38.1% during the fourth quarter. Deutsche Bank AG now owns 39,853 shares of the company's stock valued at $739,000 after acquiring an additional 10,988 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Onespan during the fourth quarter valued at $442,000. Institutional investors own 95.52% of the company's stock.

Insider Buying and Selling

In other Onespan news, Director Garry L. Capers acquired 2,000 shares of Onespan stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director owned 36,894 shares of the company's stock, valued at approximately $482,204.58. This represents a 5.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Zenner acquired 2,200 shares of Onespan stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $12.80 per share, with a total value of $28,160.00. Following the completion of the purchase, the director directly owned 71,273 shares in the company, valued at $912,294.40. This represents a 3.19% increase in their position. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities cut their price objective on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. B. Riley assumed coverage on shares of Onespan in a research report on Tuesday, August 26th. They set a "buy" rating and a $23.00 price objective on the stock. Finally, Wall Street Zen raised shares of Onespan from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $19.67.

Onespan Stock Performance

Shares of Onespan stock traded down $0.05 during mid-day trading on Friday, hitting $15.36. 79,281 shares of the stock were exchanged, compared to its average volume of 418,235. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36. The company has a 50-day simple moving average of $14.96 and a 200 day simple moving average of $15.44. The company has a market capitalization of $588.60 million, a P/E ratio of 10.18 and a beta of 1.30.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, August 15th. Onespan's payout ratio is currently 31.79%.

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.