Onespan Inc (NASDAQ:OSPN) Director Garry L. Capers Buys 2,000 Shares

Key Points

• Garry L. Capers, a director at Onespan Inc (NASDAQ:OSPN), purchased 2,000 shares at an average price of $13.07, increasing his ownership to 36,894 shares.
• Onespan announced a quarterly **dividend of $0.12 per share**, with an annualized yield of 3.7%, payable on September 5th.
• The company saw significant institutional interest as various hedge funds and investors increased their stakes, with institutional ownership at 95.52%.

Onespan Inc (NASDAQ:OSPN - Get Free Report) Director Garry L. Capers bought 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the acquisition, the director directly owned 36,894 shares of the company's stock, valued at approximately $482,204.58. The trade was a 5.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Onespan Stock Performance

OSPN stock traded up $0.64 on Tuesday, reaching $13.71. The company's stock had a trading volume of 209,073 shares, compared to its average volume of 411,333. The business has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $16.12. Onespan Inc has a 12-month low of $12.51 and a 12-month high of $20.36. The firm has a market cap of $525.31 million, a PE ratio of 9.06 and a beta of 1.12.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 3.5%. Onespan's dividend payout ratio (DPR) is currently 31.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSPN shares. Wall Street Zen lowered Onespan from a "buy" rating to a "hold" rating in a research note on Saturday. Rosenblatt Securities dropped their price target on Onespan from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th.

Hedge Funds Weigh In On Onespan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company's stock valued at $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC purchased a new position in Onespan during the first quarter valued at $64,000. Meeder Asset Management Inc. lifted its position in Onespan by 14.6% during the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after buying an additional 783 shares during the period. State of Tennessee Department of Treasury purchased a new position in shares of Onespan in the 4th quarter worth about $147,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Onespan in the 4th quarter worth about $189,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

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.