Leuthold Group LLC Makes New Investment in Onespan Inc $OSPN

Leuthold Group LLC bought a new stake in shares of Onespan Inc (NASDAQ:OSPN) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 152,032 shares of the company’s stock, valued at approximately $2,723,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Onespan in the second quarter worth $59,607,000. Legal & General Group Plc bought a new position in Onespan during the second quarter valued at $31,248,000. Arrowstreet Capital Limited Partnership increased its position in Onespan by 94.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,268,242 shares of the company’s stock valued at $13,355,000 after acquiring an additional 617,092 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Onespan in the second quarter valued at $7,272,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Onespan by 31.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock valued at $15,421,000 after acquiring an additional 349,648 shares during the period. 95.52% of the stock is currently owned by institutional investors.

Onespan Trading Down 3.0%

Shares of OSPN opened at $21.92 on Wednesday. Onespan Inc has a 1-year low of $10.07 and a 1-year high of $27.45. The company has a 50-day moving average of $18.81 and a 200 day moving average of $14.45. The firm has a market capitalization of $808.85 million, a price-to-earnings ratio of 12.11, a PEG ratio of 1.90 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 1.24.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $63.89 million for the quarter, compared to the consensus estimate of $57.43 million. Onespan had a net margin of 27.52% and a return on equity of 15.96%. On average, research analysts expect that Onespan Inc will post 1.08 EPS for the current year.

Onespan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $0.13 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. Onespan’s payout ratio is presently 28.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OSPN. Rosenblatt Securities cut shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Tuesday, October 27th. Weiss Ratings upgraded Onespan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. B. Riley Financial increased their price target on Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Wall Street Zen raised Onespan from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, DA Davidson boosted their price objective on Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.00.

Insider Activity at Onespan

In other Onespan news, General Counsel Lara Mataac sold 5,000 shares of Onespan stock in a transaction on Monday, November 9th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the completion of the sale, the general counsel directly owned 71,060 shares of the company’s stock, valued at $1,618,036.20. The trade was a 6.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jorge Martell sold 8,000 shares of Onespan stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $22.04, for a total value of $176,320.00. Following the sale, the chief financial officer directly owned 86,421 shares of the company’s stock, valued at approximately $1,904,718.84. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is owned by corporate insiders.

About Onespan

OneSpan Inc. provides cybersecurity and digital agreement solutions that help organizations protect digital interactions and transactions. Its offerings are used by financial institutions, government agencies and other businesses to support secure access, identity verification and digital workflows. The company’s products include authentication tools, such as hardware and software-based security credentials, and OneSpan Sign, an electronic signature solution. OneSpan also offers software and services for managing digital agreements and securing transactions across online and mobile channels.