GSA Capital Partners LLP Invests $855,000 in Onespan Inc $OSPN

GSA Capital Partners LLP acquired a new position in shares of Onespan Inc (NASDAQ:OSPN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 66,591 shares of the company’s stock, valued at approximately $855,000. GSA Capital Partners LLP owned about 0.18% of Onespan as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deprince Race & Zollo Inc. increased its holdings in shares of Onespan by 101.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 383,925 shares of the company’s stock worth $4,930,000 after buying an additional 193,304 shares during the last quarter. Topline Capital Management LLC acquired a new stake in shares of Onespan during the 3rd quarter worth $5,549,000. Clark Estates Inc. NY acquired a new stake in shares of Onespan during the 3rd quarter worth $2,479,000. Jupiter Asset Management Ltd. increased its holdings in shares of Onespan by 43.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 366,143 shares of the company’s stock worth $5,818,000 after buying an additional 111,544 shares during the last quarter. Finally, Simcoe Capital Management LLC increased its holdings in shares of Onespan by 167.5% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,193,858 shares of the company’s stock worth $18,970,000 after buying an additional 747,578 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Onespan Trading Up 2.3%

Shares of NASDAQ OSPN opened at $13.12 on Friday. Onespan Inc has a 12-month low of $10.07 and a 12-month high of $18.13. The company has a market cap of $486.36 million, a P/E ratio of 7.25, a P/E/G ratio of 1.17 and a beta of 1.47. The stock has a fifty day moving average price of $11.29 and a 200 day moving average price of $11.77.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $65.95 million during the quarter, compared to the consensus estimate of $62.40 million. Onespan had a return on equity of 18.03% and a net margin of 28.47%. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, May 14th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, May 14th. Onespan’s dividend payout ratio is presently 28.73%.

Insiders Place Their Bets

In other news, CFO Jorge Garcia Martell sold 15,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.33, for a total transaction of $154,950.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Onespan 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.