Onespan Inc $OSPN Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its holdings in Onespan Inc by 365.6% this quarter, now owning 88,458 shares valued at approximately $1.35 million.
• Onespan has received a "buy" rating from multiple analysts, with a consensus target price of $19.67, suggesting positive outlook for its stock performance.
• The company recently declared a $0.12 quarterly dividend, resulting in an annualized yield of 3.2%, and its dividend payout ratio stands at 31.79%.

Trexquant Investment LP boosted its holdings in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 365.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 88,458 shares of the company's stock after purchasing an additional 69,459 shares during the period. Trexquant Investment LP owned approximately 0.23% of Onespan worth $1,349,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after purchasing an additional 783 shares during the period. California State Teachers Retirement System raised its holdings in Onespan by 4.0% in the fourth quarter. California State Teachers Retirement System now owns 33,769 shares of the company's stock valued at $626,000 after acquiring an additional 1,288 shares in the last quarter. Comerica Bank raised its holdings in shares of Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company's stock worth $38,000 after purchasing an additional 2,021 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Onespan by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock worth $395,000 after acquiring an additional 3,994 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Onespan during the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Ratings Changes

OSPN has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Onespan from a "hold" rating to a "buy" rating in a report on Friday, September 5th. 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 target on the stock. Finally, Rosenblatt Securities reduced their target price on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Onespan currently has a consensus rating of "Buy" and a consensus price target of $19.67.

Insider Activity at Onespan

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

Onespan Stock Performance

NASDAQ:OSPN traded up $0.33 during trading on Thursday, reaching $15.41. The company's stock had a trading volume of 327,448 shares, compared to its average volume of 449,862. The firm has a 50 day moving average of $14.96 and a 200-day moving average of $15.44. The firm has a market cap of $590.67 million, a price-to-earnings ratio of 10.21 and a beta of 1.30. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36.

Onespan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. Onespan's payout ratio is 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.