Range Financial Group LLC Buys New Shares in OneSpan Inc. (NASDAQ:OSPN)

Range Financial Group LLC acquired a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 104,443 shares of the company's stock, valued at approximately $1,593,000. Range Financial Group LLC owned approximately 0.27% of OneSpan as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in OSPN. Raymond James Financial Inc. acquired a new position in shares of OneSpan in the 4th quarter valued at $44,699,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of OneSpan by 27.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock worth $40,129,000 after purchasing an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. increased 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 worth $32,710,000 after purchasing an additional 395,222 shares in the last quarter. LSV Asset Management acquired a new stake in shares of OneSpan during the 4th quarter worth about $4,760,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of OneSpan by 37.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock worth $14,962,000 after purchasing an additional 219,813 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

OneSpan Stock Up 1.8%

Shares of NASDAQ:OSPN opened at $16.73 on Monday. OneSpan Inc. has a 12 month low of $12.28 and a 12 month high of $20.37. The company's 50-day moving average price is $15.27 and its two-hundred day moving average price is $17.08. The firm has a market cap of $639.59 million, a P/E ratio of 22.61 and a beta of 1.17.

OneSpan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, May 16th. OneSpan's dividend payout ratio is currently 32.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 target price on shares of OneSpan in a research report on Friday, May 2nd.

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.

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