112,112 Shares of Onespan Inc $OSPN Purchased by Range Financial Group LLC

Range Financial Group LLC purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 112,112 shares of the company’s stock, valued at approximately $2,008,000.

A number of other hedge funds also recently modified their holdings of OSPN. GAMMA Investing LLC lifted its holdings in shares of Onespan by 11.8% in the third quarter. GAMMA Investing LLC now owns 7,781 shares of the company’s stock valued at $139,000 after purchasing an additional 821 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Onespan during the second quarter worth about $222,000. Integrated Wealth Concepts LLC bought a new position in shares of Onespan during the second quarter worth about $88,000. Spark Investment Management LLC acquired a new stake in Onespan in the 2nd quarter valued at approximately $191,000. Finally, Allworth Financial LP raised its position in Onespan by 201.0% in the 2nd quarter. Allworth Financial LP now owns 2,528 shares of the company’s stock valued at $36,000 after buying an additional 1,688 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OSPN. Weiss Ratings raised Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Rosenblatt Securities lifted their price objective on shares of Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, DA Davidson boosted their price objective on shares of Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Onespan presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $18.25 on Wednesday. The stock has a 50 day moving average price of $17.10 and a 200 day moving average price of $14.82. Onespan Inc has a 52 week low of $10.07 and a 52 week high of $18.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 1.33. The stock has a market capitalization of $672.55 million, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. The firm had revenue of $60.47 million for the quarter, compared to analyst estimates of $58.25 million. Onespan had a return on equity of 16.91% and a net margin of 27.76%. Analysts predict that Onespan Inc will post 1.05 earnings per share for the current fiscal year.

Onespan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. Onespan’s dividend payout ratio (DPR) is currently 29.21%.

Onespan Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic-signature solutions designed to help organizations secure online transactions and agreements. Its offerings support financial institutions, businesses and government organizations as they manage digital interactions, protect user access and meet security and compliance requirements.

The company’s portfolio includes multi-factor authentication, mobile and hardware authentication devices, transaction signing, identity verification and electronic-signature software.