Onespan Inc $OSPN Shares Newly Purchased by Leuthold Group LLC

Leuthold Group LLC acquired a new stake in shares of Onespan Inc (NASDAQ:OSPN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 152,032 shares of the company’s stock, valued at approximately $2,723,000. Leuthold Group LLC owned about 0.41% of Onespan as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE purchased a new stake in Onespan during the 2nd quarter valued at $894,000. Legal & General Group Plc bought a new stake in shares of Onespan in the 2nd quarter worth $31,248,000. Ieq Capital LLC purchased a new position in shares of Onespan in the second quarter worth $1,635,000. Bank of New York Mellon Corp purchased a new position in shares of Onespan in the second quarter worth $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 worth $15,421,000 after purchasing an additional 349,648 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

Onespan Price Performance

Shares of OSPN opened at $21.92 on Wednesday. The firm has a market cap of $808.85 million, a PE ratio of 12.11, a P/E/G ratio of 1.90 and a beta of 1.52. Onespan Inc has a 1-year low of $10.07 and a 1-year high of $27.45. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $14.45.

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

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.13 per share. 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 28.73%.

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.