Onespan Inc (NASDAQ:OSPN) Director Marc Zenner Buys 2,200 Shares

Key Points

• Onespan Inc Director Marc Zenner purchased 2,200 shares for a total of $28,160, increasing his ownership by 3.19% and bringing his total holdings to approximately $912,294.
• The company declared a quarterly dividend of $0.12 per share, which translates to an annual yield of 3.7% and a dividend payout ratio of 31.79%.
• Recent analyst reports have downgraded Onespan from "strong-buy" to "buy," with Rosenblatt Securities lowering the price target from $20.00 to $17.00.

Onespan Inc (NASDAQ:OSPN - Get Free Report) Director Marc Zenner acquired 2,200 shares of the company's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the acquisition, the director owned 71,273 shares of the company's stock, valued at approximately $912,294.40. The trade was a 3.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Onespan Trading Up 4.9%

Shares of Onespan stock traded up $0.64 on Tuesday, reaching $13.71. The stock had a trading volume of 209,073 shares, compared to its average volume of 411,333. Onespan Inc has a 1 year low of $12.51 and a 1 year high of $20.36. The company has a market cap of $525.31 million, a P/E ratio of 9.06 and a beta of 1.12. The business's 50 day moving average is $15.72 and its two-hundred day moving average is $16.12.

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Onespan's dividend payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OSPN. Wall Street Zen downgraded shares of Onespan from a "buy" rating to a "hold" rating in a report on Saturday. Rosenblatt Securities lowered their price target on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Onespan by 7.4% in the second quarter. Rhumbline Advisers now owns 58,546 shares of the company's stock worth $977,000 after purchasing an additional 4,027 shares during the last quarter. Legal & General Group Plc increased its position in shares of Onespan by 1.2% in the second quarter. Legal & General Group Plc now owns 2,370,774 shares of the company's stock worth $39,568,000 after purchasing an additional 28,219 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Onespan by 43.3% in the second quarter. Hillsdale Investment Management Inc. now owns 280,038 shares of the company's stock worth $4,674,000 after purchasing an additional 84,600 shares during the last quarter. Seizert Capital Partners LLC bought a new position in shares of Onespan in the second quarter worth approximately $1,020,000. Finally, LSV Asset Management increased its position in shares of Onespan by 49.3% in the second quarter. LSV Asset Management now owns 721,249 shares of the company's stock worth $12,038,000 after purchasing an additional 238,041 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

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.