SG Americas Securities LLC Acquires Shares of 10,430 OneSpan Inc. (NASDAQ:OSPN)

SG Americas Securities LLC acquired a new position in shares of OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,430 shares of the company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds also recently modified their holdings of OSPN. JPMorgan Chase & Co. lifted its position in OneSpan by 196.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,765,030 shares of the company’s stock worth $18,974,000 after acquiring an additional 1,170,048 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of OneSpan during the first quarter valued at approximately $20,042,000. State Street Corp lifted its position in shares of OneSpan by 31.5% during the second quarter. State Street Corp now owns 1,992,357 shares of the company’s stock worth $29,567,000 after purchasing an additional 477,203 shares in the last quarter. Morgan Stanley boosted its stake in shares of OneSpan by 88.5% in the fourth quarter. Morgan Stanley now owns 668,386 shares of the company’s stock valued at $7,479,000 after purchasing an additional 313,875 shares during the period. Finally, Legion Partners Asset Management LLC grew its holdings in OneSpan by 8.9% during the 4th quarter. Legion Partners Asset Management LLC now owns 3,476,631 shares of the company’s stock valued at $38,904,000 after purchasing an additional 283,319 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Trading Up 0.9 %

Shares of NASDAQ:OSPN opened at $10.01 on Friday. The firm has a market cap of $378.28 million, a PE ratio of -13.53 and a beta of 0.80. The company has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $10.13. OneSpan Inc. has a 12-month low of $7.64 and a 12-month high of $17.20.

OneSpan (NASDAQ:OSPN) last released its earnings results on Wednesday, March 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. The company had revenue of $62.93 million during the quarter. OneSpan had a negative net margin of 12.68% and a negative return on equity of 6.43%. As a group, equities research analysts forecast that OneSpan Inc. will post 0.71 EPS for the current fiscal year.

Insider Activity at OneSpan

In other news, Director Michael J. Mcconnell bought 5,000 shares of OneSpan stock in a transaction on Friday, March 15th. The shares were bought at an average price of $9.83 per share, with a total value of $49,150.00. Following the acquisition, the director now directly owns 73,849 shares in the company, valued at approximately $725,935.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OSPN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of OneSpan from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Sidoti cut OneSpan from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Tuesday, April 2nd.

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.