Cwm LLC Sells 3,307 Shares of Onespan Inc $OSPN

Cwm LLC lessened its position in Onespan Inc (NASDAQ:OSPN) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,478 shares of the company’s stock after selling 3,307 shares during the quarter. Cwm LLC’s holdings in Onespan were worth $275,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Onespan during the 1st quarter worth about $195,000. Victory Capital Management Inc. increased its holdings in shares of Onespan by 49.3% during the 1st quarter. Victory Capital Management Inc. now owns 86,794 shares of the company’s stock worth $1,324,000 after purchasing an additional 28,660 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Onespan by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,561 shares of the company’s stock worth $395,000 after purchasing an additional 3,994 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Onespan by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,174 shares of the company’s stock worth $546,000 after purchasing an additional 12,332 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Onespan by 55.3% during the 1st quarter. AQR Capital Management LLC now owns 565,993 shares of the company’s stock worth $8,631,000 after purchasing an additional 201,585 shares during the period. Institutional investors own 95.52% of the company’s stock.

Insider Transactions at Onespan

In other news, Director Garry L. Capers purchased 2,000 shares of Onespan stock in a transaction on Friday, August 8th. The shares were purchased at an average cost of $13.07 per share, for a total transaction of $26,140.00. Following the completion of the transaction, the director directly owned 36,894 shares in the company, valued at approximately $482,204.58. This represents a 5.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Zenner purchased 2,200 shares of Onespan stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the transaction, the director owned 71,273 shares of the company’s stock, valued at approximately $912,294.40. This represents a 3.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSPN. Wall Street Zen upgraded shares of Onespan from a “hold” rating to a “buy” rating in a report on Friday, September 5th. B. Riley began coverage on shares of Onespan in a report on Tuesday, August 26th. They set a “buy” rating and a $23.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Wednesday, October 8th. Finally, Rosenblatt Securities dropped their price objective on shares of Onespan from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Onespan currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Onespan Stock Down 0.1%

NASDAQ:OSPN opened at $15.99 on Tuesday. The firm has a market cap of $612.90 million, a PE ratio of 10.59 and a beta of 1.32. Onespan Inc has a 12 month low of $12.51 and a 12 month high of $20.36. The company’s 50-day moving average price is $15.40 and its two-hundred day moving average price is $15.45.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.12 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. Onespan’s payout ratio is 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.