MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in 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. grew its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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.

Several other hedge funds have also recently made changes to their positions in OSPN. Ameriprise Financial Inc. grew 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 valued at $32,710,000 after acquiring an additional 395,222 shares during the period. Nuveen LLC bought a new stake in Onespan during the first quarter valued at about $3,594,000. Pacer Advisors Inc. bought a new stake in Onespan during the first quarter valued at about $3,276,000. AQR Capital Management LLC raised its holdings in Onespan by 55.3% during the first quarter. AQR Capital Management LLC now owns 565,993 shares of the company's stock valued at $8,631,000 after acquiring an additional 201,585 shares during the period. Finally, Penn Capital Management Company LLC bought a new stake in Onespan during the first quarter valued at about $2,550,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Onespan Trading Down 1.8%

Shares of NASDAQ OSPN traded down $0.28 during trading hours on Wednesday, reaching $15.08. The stock had a trading volume of 399,544 shares, compared to its average volume of 420,787. The firm has a market cap of $577.94 million, a price-to-earnings ratio of 9.99 and a beta of 1.30. Onespan Inc has a 52-week low of $12.51 and a 52-week high of $20.36. The business's fifty day moving average price is $15.04 and its two-hundred day moving average price is $15.45.

Onespan Dividend Announcement

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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. Onespan's payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

OSPN has been the topic of a number of recent analyst reports. Rosenblatt Securities decreased their price target on Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. B. Riley initiated coverage on Onespan in a report on Tuesday, August 26th. They issued a "buy" rating and a $23.00 target price on the stock. Finally, Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $19.67.

Insiders Place Their Bets

In other Onespan news, Director Garry L. Capers purchased 2,000 shares of Onespan stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director owned 36,894 shares in the company, valued at approximately $482,204.58. This trade represents a 5.73% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marc Zenner acquired 2,200 shares of the stock in a transaction dated Friday, August 8th. The shares were bought 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 of the company's stock, valued at approximately $912,294.40. This trade represents a 3.19% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company's stock.

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.