Onespan Inc (NASDAQ:OSPN - Get Free Report)'s share price fell 6.4% during mid-day trading on Friday . The stock traded as low as $16.46 and last traded at $16.42. 203,750 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 403,448 shares. The stock had previously closed at $17.55.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Wall Street Zen cut Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price objective on shares of Onespan in a research report on Friday, May 2nd.
Get Our Latest Report on OSPN
Onespan Price Performance
The company has a market capitalization of $597.92 million, a price-to-earnings ratio of 10.64 and a beta of 1.15. The firm has a 50-day moving average price of $16.25 and a two-hundred day moving average price of $16.73.
Onespan Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.07%. Onespan's dividend payout ratio (DPR) is presently 32.65%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC acquired a new position in Onespan during the second quarter valued at approximately $419,000. Range Financial Group LLC boosted its position in Onespan by 2.6% during the second quarter. Range Financial Group LLC now owns 107,162 shares of the company's stock valued at $1,789,000 after purchasing an additional 2,719 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Onespan during the second quarter valued at approximately $542,000. Strs Ohio acquired a new position in Onespan during the first quarter valued at approximately $534,000. Finally, Ellsworth Advisors LLC boosted its position in Onespan by 8.2% during the first quarter. Ellsworth Advisors LLC now owns 38,430 shares of the company's stock valued at $586,000 after purchasing an additional 2,909 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.
About Onespan
(
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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.
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