Centiva Capital LP Takes $413,000 Position in OneSpan Inc. (NASDAQ:OSPN)

Centiva Capital LP acquired a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, HoldingsChannel reports. The fund acquired 22,288 shares of the company’s stock, valued at approximately $413,000.

Several other institutional investors also recently bought and sold shares of the business. R Squared Ltd bought a new stake in OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System bought a new stake in OneSpan during the fourth quarter valued at about $64,000. Steward Partners Investment Advisory LLC bought a new stake in OneSpan during the fourth quarter valued at about $109,000. State of Tennessee Department of Treasury purchased a new position in OneSpan in the fourth quarter valued at about $147,000. Finally, KLP Kapitalforvaltning AS bought a new position in OneSpan in the fourth quarter worth about $152,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OSPN. StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd.

OneSpan Stock Up 1.6 %

OSPN opened at $15.78 on Friday. The company has a market cap of $603.27 million, a P/E ratio of 21.32 and a beta of 1.21. The firm’s 50-day moving average price is $15.23 and its 200-day moving average price is $17.14. OneSpan Inc. has a 52-week low of $11.94 and a 52-week high of $20.37.

OneSpan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.04%. OneSpan’s dividend payout ratio is currently 32.65%.

OneSpan 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.