GSA Capital Partners LLP Makes New $855,000 Investment in Onespan Inc $OSPN

GSA Capital Partners LLP bought a new position in Onespan Inc (NASDAQ:OSPN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,591 shares of the company’s stock, valued at approximately $855,000.

Several other institutional investors have also modified their holdings of the company. First Trust Advisors LP increased its stake in shares of Onespan by 25.1% in the third quarter. First Trust Advisors LP now owns 2,141,141 shares of the company’s stock valued at $34,023,000 after purchasing an additional 428,983 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Onespan by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 2,099,709 shares of the company’s stock valued at $33,364,000 after acquiring an additional 69,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Onespan by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,266 shares of the company’s stock valued at $22,171,000 after acquiring an additional 22,135 shares during the period. Simcoe Capital Management LLC increased its stake in shares of Onespan by 167.5% during the third quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock valued at $18,970,000 after acquiring an additional 747,578 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Onespan by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,050,308 shares of the company’s stock valued at $16,689,000 after acquiring an additional 37,516 shares during the period. Institutional investors own 95.52% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jorge Garcia Martell sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.33, for a total value of $154,950.00. Following the completion of the transaction, the chief financial officer owned 110,218 shares of the company’s stock, valued at approximately $1,138,551.94. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Onespan Stock Performance

Onespan stock opened at $13.12 on Friday. The firm has a market cap of $486.36 million, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47. Onespan Inc has a 1 year low of $10.07 and a 1 year high of $18.13. The firm’s 50 day moving average price is $11.29 and its two-hundred day moving average price is $11.77.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.03%. The firm had revenue of $65.95 million during the quarter, compared to analyst estimates of $62.40 million. As a group, equities analysts predict that Onespan Inc will post 1 EPS for the current fiscal year.

Onespan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 4.0%. Onespan’s dividend payout ratio (DPR) is currently 28.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. DA Davidson lowered their price objective on shares of Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Zacks Research upgraded shares of Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Onespan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.67.

Onespan Company Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.