Alps Advisors Inc. Makes New $593,000 Investment in Onespan Inc $OSPN

Alps Advisors Inc. purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) in the third quarter, according to its most recent filing with the SEC. The firm purchased 33,120 shares of the company’s stock, valued at approximately $593,000.

Several other hedge funds have also recently made changes to their positions in OSPN. BlackRock Inc. acquired a new position in shares of Onespan in the 2nd quarter valued at about $59,607,000. Legal & General Group Plc acquired a new position in Onespan in the second quarter valued at approximately $31,248,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Onespan by 94.8% during the 1st 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 period. Bank of New York Mellon Corp bought a new position in Onespan during the second quarter worth $7,272,000. Finally, Dimensional Fund Advisors LP boosted its stake in Onespan by 31.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,524 shares of the company’s stock worth $15,421,000 after acquiring an additional 349,648 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Onespan Trading Down 0.5%

NASDAQ OSPN opened at $22.31 on Friday. The stock’s 50-day simple moving average is $19.17 and its two-hundred day simple moving average is $14.60. Onespan Inc has a twelve month low of $10.07 and a twelve month high of $27.45. The company has a market capitalization of $823.24 million, a price-to-earnings ratio of 12.33, a PEG ratio of 1.89 and a beta of 1.52. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 0.02.

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

Onespan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders 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 annualized dividend and a yield of 2.3%. Onespan’s dividend payout ratio is 28.73%.

Analyst Ratings Changes

Several equities research analysts have weighed in on OSPN shares. Rosenblatt Securities downgraded 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. B. Riley Financial raised their price objective on Onespan from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings upgraded Onespan from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, DA Davidson boosted their price objective on Onespan from $16.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.00.

Insider Transactions at Onespan

In other news, Director Michael McConnell sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $22.12, for a total value of $221,200.00. Following the completion of the sale, the director directly owned 70,398 shares of the company’s stock, valued at approximately $1,557,203.76. This trade represents a 12.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jorge Martell sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $22.04, for a total transaction of $176,320.00. Following the transaction, the chief financial officer owned 86,421 shares in the company, valued at $1,904,718.84. This represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,000 shares of company stock valued at $756,370. Company insiders own 2.00% of the company’s stock.

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.