OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Factorial Partners LLC

Factorial Partners LLC trimmed its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 19.9% in the fourth quarter, Holdings Channel reports. The firm owned 48,297 shares of the company’s stock after selling 12,000 shares during the period. Factorial Partners LLC’s holdings in OneSpan were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSPN. R Squared Ltd acquired a new stake in shares of OneSpan during the 4th quarter worth about $37,000. New York State Teachers Retirement System acquired a new stake in shares of OneSpan during the 4th quarter worth about $64,000. Covestor Ltd acquired a new stake in shares of OneSpan during the 3rd quarter worth about $65,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of OneSpan during the 3rd quarter worth about $158,000. Finally, Intech Investment Management LLC acquired a new stake in shares of OneSpan during the 3rd quarter worth about $173,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on OSPN shares. Rosenblatt Securities raised their price objective on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. StockNews.com raised 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, OneSpan presently has an average rating of “Buy” and an average target price of $17.63.

OneSpan Price Performance

NASDAQ OSPN opened at $16.04 on Friday. The company has a market cap of $609.38 million, a P/E ratio of 21.68 and a beta of 0.77. The stock has a 50-day moving average of $18.80 and a two-hundred day moving average of $17.23. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $20.36.

OneSpan Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio is presently 33.10%.

About OneSpan

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.