Onespan Inc $OSPN Position Increased by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in shares of Onespan Inc (NASDAQ:OSPN) by 9.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,225 shares of the company’s stock after buying an additional 11,300 shares during the period. Kovack Advisors Inc. owned about 0.33% of Onespan worth $2,107,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Copeland Capital Management LLC boosted its holdings in Onespan by 16.4% during the second quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock worth $82,000 after buying an additional 692 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Onespan by 14.6% during the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock worth $94,000 after buying an additional 783 shares in the last quarter. Comerica Bank boosted its holdings in Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares in the last quarter. Range Financial Group LLC boosted its holdings in Onespan by 2.6% during the second quarter. Range Financial Group LLC now owns 107,162 shares of the company’s stock worth $1,789,000 after buying an additional 2,719 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its holdings in Onespan by 8.2% during the first quarter. Ellsworth Advisors LLC now owns 38,430 shares of the company’s stock worth $586,000 after buying an additional 2,909 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on OSPN shares. Wall Street Zen raised shares of Onespan from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Rosenblatt Securities reduced their price objective on shares of Onespan from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. B. Riley started coverage on shares of Onespan in a research note on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Insiders Place Their Bets

In related news, Director Garry L. Capers bought 2,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was bought at an average price of $13.07 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Marc Zenner bought 2,200 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $12.80 per share, with a total value of $28,160.00. Following the purchase, the director directly owned 71,273 shares in the company, valued at approximately $912,294.40. This trade represents a 3.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.30% of the company’s stock.

Onespan Trading Up 2.3%

NASDAQ:OSPN opened at $15.51 on Friday. The firm has a market capitalization of $594.50 million, a price-to-earnings ratio of 10.27 and a beta of 1.32. Onespan Inc has a 1-year low of $12.51 and a 1-year high of $20.36. The business’s fifty day moving average price is $15.50 and its 200 day moving average price is $15.47.

Onespan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. Onespan’s payout ratio is presently 31.79%.

About Onespan

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.