Dimensional Fund Advisors LP Boosts Stake in OneSpan Inc. (NASDAQ:OSPN)

Dimensional Fund Advisors LP lifted its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 917,691 shares of the company's stock after purchasing an additional 70,525 shares during the period. Dimensional Fund Advisors LP owned about 2.42% of OneSpan worth $17,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSPN. R Squared Ltd acquired a new position in OneSpan in the fourth quarter valued at $37,000. New York State Teachers Retirement System acquired a new position in OneSpan in the fourth quarter valued at $64,000. Steward Partners Investment Advisory LLC acquired a new position in OneSpan in the fourth quarter valued at $109,000. KLP Kapitalforvaltning AS acquired a new position in OneSpan in the fourth quarter valued at $152,000. Finally, NewEdge Advisors LLC acquired a new position in OneSpan in the fourth quarter valued at $189,000. Institutional investors and hedge funds own 95.52% of the company's stock.

OneSpan Stock Performance

OSPN traded up $0.24 during trading on Tuesday, reaching $16.68. The company's stock had a trading volume of 49,023 shares, compared to its average volume of 406,346. OneSpan Inc. has a 52-week low of $11.94 and a 52-week high of $20.37. The company's fifty day moving average price is $15.23 and its 200-day moving average price is $17.17. The company has a market capitalization of $637.68 million, a price-to-earnings ratio of 22.54 and a beta of 1.21.

OneSpan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 2.88%. OneSpan's payout ratio is currently 32.65%.

Wall Street Analysts Forecast Growth

OSPN has been the topic of a number of recent research reports. StockNews.com lowered shares of OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Rosenblatt Securities restated a "buy" rating and issued a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd.

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.