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

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 purchased 2,200 shares of the business's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $12.80 per share, for a total transaction of $28,160.00. Following the acquisition, the director directly owned 71,273 shares of the company's stock, valued at $912,294.40. This trade represents a 3.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Onespan Stock Up 2.2%

OSPN stock traded up $0.31 during trading hours on Wednesday, hitting $14.02. The company's stock had a trading volume of 58,504 shares, compared to its average volume of 411,898. The company has a market capitalization of $537.12 million, a PE ratio of 9.28 and a beta of 1.12. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36. The stock has a 50 day moving average price of $15.67 and a two-hundred day moving average price of $16.10.

Onespan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 15th. Onespan's payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Onespan

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new stake in Onespan in the first quarter worth approximately $195,000. Victory Capital Management Inc. boosted its holdings in shares of Onespan by 49.3% during the 1st quarter. Victory Capital Management Inc. now owns 86,794 shares of the company's stock worth $1,324,000 after buying an additional 28,660 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Onespan by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company's stock worth $395,000 after buying an additional 3,994 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Onespan by 1,501.9% during the 1st quarter. GAMMA Investing LLC now owns 42,563 shares of the company's stock worth $649,000 after buying an additional 39,906 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Onespan by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company's stock worth $546,000 after buying an additional 12,332 shares during the period. 95.52% of the stock is 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.