Onespan Inc $OSPN Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its stake in Onespan Inc by 140.1%, owning approximately 28,387 shares worth $433,000 as of the end of the latest quarter.
• Analysts have given mixed reviews on Onespan, with B. Riley initiating coverage with a "buy" rating and a $23.00 price target, while Wall Street Zen downgraded it from "buy" to "hold."
• Onespan announced a quarterly dividend of $0.12 per share, translating to an annualized yield of 3.2% for investors of record as of August 15th.

Ieq Capital LLC increased its position in Onespan Inc (NASDAQ:OSPN - Free Report) by 140.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,387 shares of the company's stock after buying an additional 16,566 shares during the period. Ieq Capital LLC owned about 0.07% of Onespan worth $433,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OSPN. Dimensional Fund Advisors LP raised its position in shares of Onespan by 8.3% in 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. Northern Trust Corp raised its position in shares of Onespan by 5.4% in the fourth quarter. Northern Trust Corp now owns 406,790 shares of the company's stock valued at $7,542,000 after buying an additional 20,854 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Onespan by 24.1% in the fourth quarter. AQR Capital Management LLC now owns 364,408 shares of the company's stock valued at $6,756,000 after buying an additional 70,815 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Onespan by 28.9% in 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, Centiva Capital LP purchased a new stake in Onespan in the fourth quarter valued at approximately $413,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Onespan

In related news, Director Marc Zenner purchased 2,200 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $12.80 per share, with a total value of $28,160.00. Following the completion of the acquisition, the director directly owned 71,273 shares of the company's stock, valued at approximately $912,294.40. The trade was a 3.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Garry L. Capers bought 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the acquisition, the director directly owned 36,894 shares of the company's stock, valued at $482,204.58. This trade represents a 5.73% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company's stock.

Onespan Stock Performance

Shares of OSPN stock traded down $0.28 on Wednesday, hitting $15.08. The stock had a trading volume of 399,544 shares, compared to its average volume of 450,051. The firm has a market capitalization of $578.02 million, a price-to-earnings ratio of 9.99 and a beta of 1.30. The stock's 50 day moving average is $15.00 and its 200-day moving average is $15.45. Onespan Inc has a 52-week low of $12.51 and a 52-week high of $20.36.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.12 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. Onespan's dividend payout ratio is 31.79%.

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.