Sanctuary Advisors LLC Takes Position in OneSpan Inc. (NASDAQ:OSPN)

Sanctuary Advisors LLC bought a new position in shares of OneSpan Inc. (NASDAQ:OSPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,439 shares of the company’s stock, valued at approximately $871,000. Sanctuary Advisors LLC owned about 0.12% of OneSpan at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSPN. Meeder Asset Management Inc. increased its holdings in shares of OneSpan by 6.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after purchasing an additional 884 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in OneSpan by 8.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after buying an additional 1,700 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after acquiring an additional 1,780 shares during the period. R Squared Ltd acquired a new position in shares of OneSpan in the fourth quarter worth about $37,000. Finally, Ellsworth Advisors LLC boosted its stake in shares of OneSpan by 8.6% during the 4th quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company’s stock worth $659,000 after acquiring an additional 2,826 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares in the company, valued at approximately $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

OneSpan Stock Down 2.3 %

Shares of OSPN opened at $16.22 on Friday. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $20.36. The stock has a market cap of $616.21 million, a PE ratio of 21.92 and a beta of 0.77. The firm’s fifty day moving average is $18.80 and its two-hundred day moving average is $17.23.

OneSpan Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s dividend payout ratio is presently 64.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Rosenblatt Securities boosted their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, OneSpan has a consensus rating of “Buy” and an average target price of $17.63.

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.