Squarepoint Ops LLC Has $2.51 Million Stake in OneSpan Inc. (NASDAQ:OSPN)

Squarepoint Ops LLC grew its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 559.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,468 shares of the company's stock after purchasing an additional 114,927 shares during the quarter. Squarepoint Ops LLC owned about 0.36% of OneSpan worth $2,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of OneSpan in the 4th quarter valued at $347,000. Sherbrooke Park Advisers LLC bought a new position in shares of OneSpan in the 4th quarter worth about $439,000. ProShare Advisors LLC bought a new position in shares of OneSpan in the 4th quarter worth about $198,000. Millennium Management LLC raised its position in shares of OneSpan by 147.5% in the 4th quarter. Millennium Management LLC now owns 56,911 shares of the company's stock worth $1,055,000 after acquiring an additional 33,913 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OneSpan by 27.7% in 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 acquiring an additional 469,628 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OSPN. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of OneSpan in a research note on Friday, May 2nd. Wall Street Zen downgraded OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

OneSpan Price Performance

Shares of OSPN traded up $0.12 during trading hours on Friday, hitting $15.99. The stock had a trading volume of 402,148 shares, compared to its average volume of 398,018. The firm has a 50 day simple moving average of $15.22 and a 200-day simple moving average of $17.12. The firm has a market capitalization of $611.30 million, a P/E ratio of 21.61 and a beta of 1.21. OneSpan Inc. has a 1-year low of $12.28 and a 1-year high of $20.37.

OneSpan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. OneSpan's dividend payout ratio (DPR) 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.