Los Angeles Capital Management LLC Lowers Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Los Angeles Capital Management LLC reduced its position in OneSpan Inc. (NASDAQ:OSPN) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,771 shares of the company’s stock after selling 25,850 shares during the quarter. Los Angeles Capital Management LLC owned about 0.42% of OneSpan worth $2,962,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in OneSpan by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 204,871 shares of the company’s stock valued at $3,798,000 after purchasing an additional 10,244 shares during the period. Ieq Capital LLC bought a new stake in OneSpan during the fourth quarter valued at $219,000. Alberta Investment Management Corp purchased a new position in OneSpan during the fourth quarter worth about $984,000. Atria Wealth Solutions Inc. bought a new position in OneSpan in the 4th quarter worth about $210,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of OneSpan in the 4th quarter valued at about $871,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.63.

Insider Activity

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the transaction, the director now owns 20,849 shares in the company, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

OneSpan Trading Down 2.3 %

Shares of NASDAQ:OSPN opened at $16.22 on Friday. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $20.36. The stock’s 50-day moving average price is $18.80 and its 200-day moving average price is $17.23. The stock has a market capitalization of $616.21 million, a P/E ratio of 21.92 and a beta of 0.77.

OneSpan Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s payout ratio is currently 64.86%.

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.