GSA Capital Partners LLP Buys Shares of 109,204 Onespan Inc $OSPN

GSA Capital Partners LLP purchased a new position in Onespan Inc (NASDAQ:OSPN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 109,204 shares of the company’s stock, valued at approximately $1,567,000.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Onespan by 33.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,960 shares of the company’s stock valued at $100,000 after purchasing an additional 1,755 shares during the period. Bank of America Corp DE lifted its stake in Onespan by 29.4% in the first quarter. Bank of America Corp DE now owns 105,620 shares of the company’s stock valued at $1,112,000 after buying an additional 24,018 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Onespan by 206.1% in the first quarter. Quantinno Capital Management LP now owns 68,819 shares of the company’s stock valued at $725,000 after buying an additional 46,336 shares during the period. Lazard Asset Management LLC increased its position in shares of Onespan by 33.2% during the first quarter. Lazard Asset Management LLC now owns 352,643 shares of the company’s stock worth $3,713,000 after acquiring an additional 87,815 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Onespan during the first quarter worth $356,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Insider Activity at Onespan

In other news, CFO Jorge Garcia Martell sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $14.45, for a total value of $289,000.00. Following the completion of the transaction, the chief financial officer owned 91,018 shares in the company, valued at $1,315,210.10. This trade represents a 18.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OSPN shares. DA Davidson upped their target price on shares of Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Onespan from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Rosenblatt Securities boosted their price target on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Onespan Stock Performance

Shares of OSPN stock opened at $16.34 on Monday. The company’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $12.77. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market cap of $602.13 million, a PE ratio of 9.18, a P/E/G ratio of 1.42 and a beta of 1.53. Onespan Inc has a 12 month low of $10.07 and a 12 month high of $18.48.

Onespan (NASDAQ:OSPN) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The business had revenue of $60.47 million during the quarter, compared to analysts’ expectations of $58.25 million. Onespan had a net margin of 27.76% and a return on equity of 16.91%. Equities research analysts expect that Onespan Inc will post 1.05 EPS for the current fiscal year.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Onespan’s dividend payout ratio is currently 29.21%.

Onespan Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.