Y Intercept Hong Kong Ltd Purchases Shares of 17,133 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 purchased a new stake in Onespan Inc (NASDAQ:OSPN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,133 shares of the company's stock, valued at approximately $261,000.

Several other large investors have also recently added to or reduced their stakes in OSPN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $40,129,000 after acquiring an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. raised 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 valued at $32,710,000 after acquiring an additional 395,222 shares in the last quarter. LSV Asset Management acquired a new position in Onespan in the 4th quarter valued at approximately $4,760,000. Arrowstreet Capital Limited Partnership raised its holdings in Onespan by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock valued at $14,962,000 after acquiring an additional 219,813 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Onespan in the 4th quarter valued at approximately $3,729,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OSPN shares. Wall Street Zen cut Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 target price on shares of Onespan in a report on Friday, May 2nd.

Onespan Price Performance

Shares of OSPN traded down $0.47 during mid-day trading on Friday, reaching $14.28. The company had a trading volume of 379,045 shares, compared to its average volume of 370,423. The company's 50-day moving average is $16.00 and its 200-day moving average is $16.37. Onespan Inc has a twelve month low of $12.78 and a twelve month high of $20.36. The company has a market capitalization of $545.92 million, a P/E ratio of 9.71 and a beta of 1.12.

Onespan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 16th. Onespan's dividend payout ratio (DPR) 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.