Graham Capital Management L.P. Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Graham Capital Management L.P. acquired a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 23,826 shares of the company’s stock, valued at approximately $442,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System purchased a new stake in shares of OneSpan during the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of OneSpan during the 4th quarter valued at $109,000. State of Tennessee Department of Treasury purchased a new stake in shares of OneSpan during the 4th quarter valued at $147,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of OneSpan during the 4th quarter valued at $152,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of OneSpan in a report on Friday, May 2nd. StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

OneSpan Price Performance

Shares of OSPN stock opened at $16.24 on Friday. The firm has a market capitalization of $620.86 million, a price-to-earnings ratio of 21.95 and a beta of 1.21. The business has a fifty day moving average of $15.22 and a 200 day moving average of $17.18. OneSpan Inc. has a 1 year low of $12.28 and a 1 year high of $20.37.

OneSpan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. OneSpan’s dividend payout ratio (DPR) is 32.65%.

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.