Trexquant Investment LP Acquires 69,459 Shares of Onespan Inc $OSPN

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 Onespan Inc (NASDAQ:OSPN - Free Report) by 365.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,458 shares of the company's stock after buying an additional 69,459 shares during the quarter. Trexquant Investment LP owned approximately 0.23% of Onespan worth $1,349,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $40,129,000 after buying an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 in the last quarter. Northern Trust Corp boosted its stake in 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 in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Onespan by 2.9% in the first quarter. Jupiter Asset Management Ltd. now owns 244,735 shares of the company's stock valued at $3,732,000 after buying an additional 6,797 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Onespan in the first quarter valued at about $3,594,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Onespan Stock Performance

Shares of OSPN traded down $0.29 during mid-day trading on Wednesday, reaching $15.07. 205,449 shares of the company were exchanged, compared to its average volume of 419,601. Onespan Inc has a 52 week low of $12.51 and a 52 week high of $20.36. The stock has a market capitalization of $577.48 million, a PE ratio of 9.96 and a beta of 1.30. The business has a 50 day simple moving average of $15.04 and a two-hundred day simple moving average of $15.45.

Onespan Announces Dividend

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

Insider Buying and Selling

In other Onespan news, Director Marc Zenner bought 2,200 shares of the stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the completion of 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Garry L. Capers bought 2,000 shares of the stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $13.07 per share, with a total value of $26,140.00. Following the completion of the acquisition, the director owned 36,894 shares of the company's stock, valued at $482,204.58. This represents a 5.73% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

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.