Y Intercept Hong Kong Ltd Purchases New Shares in Onespan Inc (NASDAQ:OSPN)

Key Points

• Y Intercept Hong Kong Ltd has acquired a new position in Onespan Inc, purchasing 17,133 shares valued at approximately $261,000 in the first quarter.
• Various institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Ameriprise Financial Inc., have significantly increased their stakes in Onespan during the fourth quarter.
• Onespan announced a quarterly dividend of $0.12 per share, providing a 3.23% dividend yield based on a current payout ratio of 32.65%.

Y Intercept Hong Kong Ltd bought a new stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,133 shares of the company's stock, valued at approximately $261,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Onespan by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after purchasing an additional 38,362 shares in the last quarter. Legal & General Group Plc lifted its holdings in Onespan by 0.8% in the 4th quarter. Legal & General Group Plc now owns 2,195,570 shares of the company's stock worth $40,706,000 after purchasing an additional 16,901 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 purchasing an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Onespan by 28.9% in 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. Finally, Dimensional Fund Advisors LP lifted its holdings in Onespan by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 917,691 shares of the company's stock worth $17,015,000 after purchasing an additional 70,525 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSPN has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price objective on shares of Onespan in a report on Friday, May 2nd. Wall Street Zen cut Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Onespan Price Performance

Shares of Onespan stock traded down $0.47 on Friday, reaching $14.28. The company had a trading volume of 379,045 shares, compared to its average volume of 408,797. The firm has a market cap of $545.92 million, a price-to-earnings ratio of 9.71 and a beta of 1.15. The firm's 50-day moving average price is $16.03 and its two-hundred day moving average price is $16.42. Onespan Inc has a 1 year low of $12.78 and a 1 year high of $20.36.

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, May 16th. Onespan's dividend payout ratio is presently 32.65%.

Onespan Company 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.