Kovack Advisors Inc. Has $2.11 Million Holdings in Onespan Inc $OSPN

Kovack Advisors Inc. lifted its holdings in Onespan Inc (NASDAQ:OSPN) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,225 shares of the company’s stock after purchasing an additional 11,300 shares during the period. Kovack Advisors Inc.’s holdings in Onespan were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of OSPN. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Onespan in the 1st quarter valued at $195,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Onespan by 101.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 58,620 shares of the company’s stock valued at $894,000 after purchasing an additional 29,471 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Onespan by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company’s stock valued at $395,000 after purchasing an additional 3,994 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Onespan by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company’s stock valued at $546,000 after purchasing an additional 12,332 shares during the last quarter. Finally, Meritage Portfolio Management acquired a new stake in shares of Onespan in the 1st quarter valued at $2,350,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OSPN shares. B. Riley started coverage on shares of Onespan in a research note on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price objective for the company. Rosenblatt Securities reduced their price objective on shares of Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Onespan presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Onespan Trading Up 2.3%

OSPN opened at $15.51 on Friday. Onespan Inc has a 1-year low of $12.51 and a 1-year high of $20.36. The stock has a market capitalization of $594.50 million, a price-to-earnings ratio of 10.27 and a beta of 1.32. The business has a 50 day moving average of $15.50 and a 200-day moving average of $15.47.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s dividend payout ratio is currently 31.79%.

Insider Transactions at Onespan

In related news, Director Garry L. Capers acquired 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director owned 36,894 shares of the company’s stock, valued at approximately $482,204.58. This represents a 5.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc Zenner acquired 2,200 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were bought at an average cost of $12.80 per share, with a total value of $28,160.00. Following the transaction, the director directly owned 71,273 shares of the company’s stock, valued at $912,294.40. The trade was a 3.19% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

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.