Martingale Asset Management L P Grows Stock Position in Onespan Inc $OSPN

Martingale Asset Management L P increased its holdings in Onespan Inc (NASDAQ:OSPN) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,556 shares of the company’s stock after purchasing an additional 4,606 shares during the quarter. Martingale Asset Management L P owned approximately 0.31% of Onespan worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Onespan in the first quarter worth about $195,000. Victory Capital Management Inc. grew its stake in shares of Onespan by 49.3% in the first quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock worth $1,324,000 after purchasing an additional 28,660 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Onespan by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company’s stock worth $395,000 after purchasing an additional 3,994 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Onespan by 1,501.9% in the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company’s stock worth $649,000 after purchasing an additional 39,906 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Onespan by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company’s stock worth $546,000 after purchasing an additional 12,332 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Rosenblatt Securities cut their price objective on Onespan from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Onespan has an average rating of “Buy” and a consensus price target of $18.00.

Insider Activity at Onespan

In related news, Director Garry L. Capers purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director directly owned 36,894 shares of the company’s stock, valued at approximately $482,204.58. This represents a 5.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Zenner bought 2,200 shares of the company’s stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the acquisition, the director directly owned 71,273 shares of the company’s stock, valued at approximately $912,294.40. This represents a 3.19% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Onespan Stock Performance

Onespan stock opened at $14.56 on Friday. The stock’s 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $15.84. The stock has a market cap of $558.08 million, a price-to-earnings ratio of 9.64 and a beta of 1.12. Onespan Inc has a fifty-two week low of $12.51 and a fifty-two week high of $20.36.

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.3%. Onespan’s dividend payout ratio is presently 31.79%.

Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.