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) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 104,443 shares of the company's stock, valued at approximately $1,593,000. Range Financial Group LLC owned about 0.27% of OneSpan at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in OneSpan in the fourth quarter valued at approximately $64,000. Steward Partners Investment Advisory LLC purchased a new position in OneSpan in the fourth quarter valued at approximately $109,000. State of Tennessee Department of Treasury purchased a new position in OneSpan in the fourth quarter valued at approximately $147,000. KLP Kapitalforvaltning AS purchased a new position in OneSpan in the fourth quarter valued at approximately $152,000. Finally, NewEdge Advisors LLC purchased a new position in OneSpan in the fourth quarter valued at approximately $189,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen downgraded OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd.

OneSpan Price Performance

Shares of NASDAQ:OSPN traded down $0.25 during trading on Thursday, hitting $16.25. 364,587 shares of the company were exchanged, compared to its average volume of 396,689. The company has a market cap of $621.24 million, a PE ratio of 21.96 and a beta of 1.17. The stock has a 50 day moving average of $15.39 and a 200 day moving average of $17.07. OneSpan Inc. has a 52-week low of $12.28 and a 52-week high of $20.37.

OneSpan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.95%. OneSpan's dividend payout ratio is currently 32.65%.

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.