OneSpan Inc. (NASDAQ:OSPN) Position Trimmed by Algert Global LLC

Algert Global LLC reduced its holdings in OneSpan Inc. (NASDAQ:OSPN) by 64.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,596 shares of the company’s stock after selling 129,467 shares during the quarter. Algert Global LLC owned approximately 0.19% of OneSpan worth $1,327,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of OSPN. Barclays PLC lifted its holdings in OneSpan by 388.5% in the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after acquiring an additional 53,060 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of OneSpan by 104.5% in the 3rd quarter. Franklin Resources Inc. now owns 51,380 shares of the company’s stock worth $818,000 after purchasing an additional 26,254 shares during the last quarter. JPMorgan Chase & Co. boosted its position in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after purchasing an additional 708,020 shares during the period. Assenagon Asset Management S.A. increased its position in OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after buying an additional 157,387 shares during the period. Finally, Ellsworth Advisors LLC lifted its stake in OneSpan by 8.6% in the fourth quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company’s stock valued at $659,000 after buying an additional 2,826 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a report on Friday, May 2nd. StockNews.com cut OneSpan from a “buy” rating to a “hold” rating in a report on Friday, March 28th.

OneSpan Stock Up 1.6 %

OSPN stock opened at $15.78 on Friday. The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $17.12. The company has a market capitalization of $603.27 million, a P/E ratio of 21.32 and a beta of 1.21. OneSpan Inc. has a fifty-two week low of $11.94 and a fifty-two week high of $20.37.

OneSpan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.04%. OneSpan’s dividend payout ratio is presently 32.65%.

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.