Renaissance Technologies LLC Invests $511,000 in OneSpan Inc. (NASDAQ:OSPN)

Renaissance Technologies LLC acquired a new stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,570 shares of the company's stock, valued at approximately $511,000. Renaissance Technologies LLC owned 0.07% of OneSpan as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC grew its position in shares of OneSpan by 388.5% in the 3rd quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after buying an additional 53,060 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of OneSpan by 46.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock worth $9,181,000 after purchasing an additional 157,387 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after buying an additional 708,020 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in OneSpan during the 4th quarter valued at $540,000. Finally, Amundi bought a new position in OneSpan during the fourth quarter valued at approximately $314,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Trading Up 1.7 %

NASDAQ:OSPN traded up $0.26 during trading hours on Tuesday, hitting $15.43. 419,164 shares of the stock were exchanged, compared to its average volume of 402,195. The firm's fifty day moving average price is $15.27 and its 200 day moving average price is $17.12. The company has a market cap of $589.89 million, a P/E ratio of 20.85 and a beta of 1.21. OneSpan Inc. has a 52-week low of $11.70 and a 52-week high of $20.37.

OneSpan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, May 16th. OneSpan's dividend payout ratio (DPR) is presently 32.65%.

Analyst Ratings Changes

A number of research firms recently issued reports on OSPN. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of OneSpan in a research note on Friday. StockNews.com downgraded shares of OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th.

OneSpan 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.