OneSpan Inc. (NASDAQ:OSPN) Position Reduced by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,300 shares of the company’s stock after selling 25,250 shares during the quarter. Kovack Advisors Inc.’s holdings in OneSpan were worth $2,564,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OSPN. JPMorgan Chase & Co. boosted its stake in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after acquiring an additional 708,020 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after buying an additional 179,497 shares during the last quarter. 272 Capital LP bought a new position in shares of OneSpan in the 3rd quarter worth about $1,659,000. Segall Bryant & Hamill LLC lifted its position in shares of OneSpan by 14.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after buying an additional 93,263 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of OneSpan in the 3rd quarter worth about $928,000. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OSPN has been the topic of a number of recent research reports. Rosenblatt Securities raised their price target on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $17.63.

OneSpan Price Performance

Shares of OSPN opened at $16.60 on Thursday. The firm’s 50 day moving average is $18.83 and its 200-day moving average is $17.24. The stock has a market capitalization of $630.65 million, a P/E ratio of 22.43 and a beta of 0.77. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $20.36.

OneSpan Dividend Announcement

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

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the transaction, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

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.