Mirae Asset Global Investments Co. Ltd. Purchases 3,994 Shares of Onespan Inc (NASDAQ:OSPN)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Onespan Inc (NASDAQ:OSPN) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,561 shares of the company’s stock after acquiring an additional 3,994 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Onespan worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OSPN. Raymond James Financial Inc. bought a new stake in shares of Onespan during the 4th quarter valued at about $44,699,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Onespan by 27.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company’s stock valued at $40,129,000 after buying an additional 469,628 shares during the period. Ameriprise Financial Inc. grew its position in Onespan by 28.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company’s stock valued at $32,710,000 after buying an additional 395,222 shares during the period. LSV Asset Management purchased a new stake in Onespan during the fourth quarter valued at approximately $4,760,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Onespan by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company’s stock worth $14,962,000 after acquiring an additional 219,813 shares during the period. Institutional investors own 95.52% of the company’s stock.

Onespan Trading Up 1.8%

Onespan stock opened at $17.50 on Friday. Onespan Inc has a 12-month low of $12.39 and a 12-month high of $20.37. The firm has a market capitalization of $669.03 million, a price-to-earnings ratio of 11.90 and a beta of 1.15. The firm has a 50 day moving average of $16.01 and a 200 day moving average of $16.78.

Onespan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, May 16th. Onespan’s dividend payout ratio is currently 32.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OSPN shares. Wall Street Zen downgraded shares of Onespan from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 target price on shares of Onespan in a research report on Friday, May 2nd.

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.