Seizert Capital Partners LLC Makes New $1.02 Million Investment in Onespan Inc $OSPN

Seizert Capital Partners LLC purchased a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 61,123 shares of the company’s stock, valued at approximately $1,020,000. Seizert Capital Partners LLC owned about 0.16% of Onespan at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC boosted its holdings in Onespan by 16.4% during the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after acquiring an additional 692 shares during the period. Meeder Asset Management Inc. raised its position in Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock worth $94,000 after purchasing an additional 783 shares in the last quarter. Comerica Bank boosted its stake in Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares in the last quarter. Range Financial Group LLC grew its position in Onespan by 2.6% in the second quarter. Range Financial Group LLC now owns 107,162 shares of the company’s stock valued at $1,789,000 after acquiring an additional 2,719 shares during the period. Finally, Ellsworth Advisors LLC raised its stake in Onespan by 8.2% during the first quarter. Ellsworth Advisors LLC now owns 38,430 shares of the company’s stock worth $586,000 after acquiring an additional 2,909 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

Onespan Trading Down 0.1%

NASDAQ OSPN opened at $12.03 on Wednesday. Onespan Inc has a 12 month low of $11.00 and a 12 month high of $20.36. The stock has a 50-day simple moving average of $14.81 and a 200 day simple moving average of $15.26. The company has a market capitalization of $457.46 million, a PE ratio of 7.97 and a beta of 1.33.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $57.06 million during the quarter, compared to analyst estimates of $58.18 million. Onespan had a return on equity of 19.75% and a net margin of 24.90%. Onespan has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Onespan Inc will post 1.11 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s dividend payout ratio (DPR) is currently 32.65%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OSPN. B. Riley began coverage on shares of Onespan in a research report on Tuesday, August 26th. They set a “buy” rating and a $23.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onespan in a report on Thursday, November 13th. Rosenblatt Securities reduced their target price on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, DA Davidson cut their price target on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Insider Activity

In other news, Director Michael J. Mcconnell acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average price of $11.96 per share, for a total transaction of $598,000.00. Following the transaction, the director directly owned 83,763 shares in the company, valued at approximately $1,001,805.48. This represents a 148.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

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.