Ellsworth Advisors LLC Acquires 2,826 Shares of OneSpan Inc. (NASDAQ:OSPN)

Ellsworth Advisors LLC boosted its position in OneSpan Inc. (NASDAQ:OSPN) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,521 shares of the company’s stock after buying an additional 2,826 shares during the period. Ellsworth Advisors LLC’s holdings in OneSpan were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of OSPN. Quarry LP raised its position in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after buying an additional 1,936 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in OneSpan in the second quarter valued at approximately $41,000. Covestor Ltd purchased a new position in OneSpan during the third quarter worth about $65,000. Point72 Asset Management L.P. purchased a new stake in OneSpan during the second quarter worth about $74,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of OneSpan in the third quarter valued at approximately $158,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Stock Performance

Shares of OSPN stock opened at $18.93 on Monday. The stock has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $16.24. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $19.58. The firm has a market capitalization of $719.15 million, a PE ratio of 25.58 and a beta of 0.77.

OneSpan Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st.

Analyst Upgrades and Downgrades

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

Insider Activity at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the transaction, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

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.