Sherbrooke Park Advisers LLC Makes New $439,000 Investment in OneSpan Inc. (NASDAQ:OSPN)

Sherbrooke Park Advisers LLC acquired a new position in OneSpan Inc. (NASDAQ:OSPN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,699 shares of the company's stock, valued at approximately $439,000. Sherbrooke Park Advisers LLC owned approximately 0.06% of OneSpan at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSPN. Hillsdale Investment Management Inc. increased its stake in shares of OneSpan by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after purchasing an additional 900 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock valued at $384,000 after acquiring an additional 1,700 shares during the period. Principal Financial Group Inc. increased its holdings in OneSpan by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after acquiring an additional 1,780 shares in the last quarter. R Squared Ltd acquired a new position in OneSpan during the fourth quarter worth $37,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock valued at $6,218,000 after purchasing an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd.

OneSpan Stock Up 1.0%

NASDAQ:OSPN traded up $0.16 on Friday, reaching $15.89. 139,607 shares of the company's stock were exchanged, compared to its average volume of 397,737. OneSpan Inc. has a 52-week low of $12.28 and a 52-week high of $20.37. The business has a fifty day moving average of $15.25 and a 200-day moving average of $17.18. The firm has a market capitalization of $607.47 million, a price-to-earnings ratio of 21.47 and a beta of 1.21.

OneSpan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, May 16th. OneSpan's dividend payout ratio (DPR) is 32.65%.

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.