Onespan Inc $OSPN Shares Bought by Trexquant Investment LP

Trexquant Investment LP raised its holdings in Onespan Inc (NASDAQ:OSPN) by 365.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,458 shares of the company’s stock after acquiring an additional 69,459 shares during the quarter. Trexquant Investment LP owned 0.23% of Onespan worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSPN. Comerica Bank raised its holdings in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after buying an additional 2,021 shares during the period. Copeland Capital Management LLC acquired a new stake in Onespan during the 1st quarter worth about $64,000. Meeder Asset Management Inc. raised its holdings in Onespan by 14.6% during the 1st quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company’s stock worth $94,000 after buying an additional 783 shares during the period. MQS Management LLC acquired a new stake in Onespan during the 1st quarter worth about $158,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Onespan during the 1st quarter worth about $183,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

OSPN has been the topic of several recent analyst reports. Wall Street Zen upgraded Onespan from a “hold” rating to a “buy” rating in a report on Friday. B. Riley initiated coverage on Onespan in a report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Rosenblatt Securities cut their price objective on Onespan from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $19.67.

Onespan Price Performance

NASDAQ OSPN opened at $15.21 on Friday. The company has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $15.51. The firm has a market capitalization of $583.00 million, a price-to-earnings ratio of 10.07 and a beta of 1.30. Onespan Inc has a 52-week low of $12.51 and a 52-week high of $20.36.

Onespan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 15th. Onespan’s dividend payout ratio is 31.79%.

Insider Buying and Selling

In related news, Director Garry L. Capers purchased 2,000 shares of Onespan stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $13.07 per share, with a total value of $26,140.00. Following the completion of the transaction, the director directly owned 36,894 shares of the company’s stock, valued at $482,204.58. This trade represents a 5.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Zenner purchased 2,200 shares of Onespan stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $12.80 per share, with a total value of $28,160.00. Following the completion of the transaction, the director directly owned 71,273 shares of the company’s stock, valued at $912,294.40. This represents a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

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.