KLP Kapitalforvaltning AS Purchases 16,400 Shares of Onespan Inc $OSPN

KLP Kapitalforvaltning AS increased its position in Onespan Inc (NASDAQ:OSPN) by 59.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,000 shares of the company’s stock after purchasing an additional 16,400 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.12% of Onespan worth $734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Copeland Capital Management LLC raised its holdings in shares of Onespan by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 4,920 shares of the company’s stock valued at $82,000 after purchasing an additional 692 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Onespan in the 2nd quarter valued at about $419,000. Range Financial Group LLC grew its stake in Onespan by 2.6% in the 2nd quarter. Range Financial Group LLC now owns 107,162 shares of the company’s stock valued at $1,789,000 after buying an additional 2,719 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Onespan in the 2nd quarter valued at about $542,000. Finally, Strs Ohio acquired a new position in Onespan in the 1st quarter valued at about $534,000. 95.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a research note on Wednesday, October 8th. B. Riley assumed coverage on shares of Onespan in a research note on Tuesday, August 26th. They issued a “buy” rating and a $23.00 price target on the stock. Rosenblatt Securities decreased their price target on shares of Onespan from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Insider Activity at Onespan

In other news, Director Garry L. Capers purchased 2,000 shares of Onespan stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the transaction, the director owned 36,894 shares of the company’s stock, valued at approximately $482,204.58. The trade was a 5.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marc Zenner acquired 2,200 shares of the company’s stock in a transaction that occurred on 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 purchase, the director owned 71,273 shares in the company, valued at $912,294.40. The trade was a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Onespan Stock Down 0.6%

Shares of NASDAQ:OSPN opened at $15.36 on Friday. The company’s 50 day moving average price is $15.10 and its two-hundred day moving average price is $15.37. Onespan Inc has a 12-month low of $12.51 and a 12-month high of $20.36. The firm has a market cap of $588.75 million, a PE ratio of 10.17 and a beta of 1.32.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. Onespan’s dividend payout ratio (DPR) is currently 31.79%.

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.