Los Angeles Capital Management LLC Sells 38,702 Shares of OneSpan Inc. (NASDAQ:OSPN)

Los Angeles Capital Management LLC cut its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 15.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 219,021 shares of the company's stock after selling 38,702 shares during the period. Los Angeles Capital Management LLC owned approximately 0.58% of OneSpan worth $2,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock valued at $32,499,000 after buying an additional 219,907 shares during the last quarter. Russell Investments Group Ltd. boosted its position in OneSpan by 9.8% in the first quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company's stock worth $2,593,000 after purchasing an additional 19,828 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of OneSpan during the 1st quarter valued at about $2,553,000. Kovack Advisors Inc. increased its holdings in OneSpan by 109.0% during the first quarter. Kovack Advisors Inc. now owns 167,400 shares of the company's stock valued at $1,947,000 after buying an additional 87,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of OneSpan by 293.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,326 shares of the company's stock worth $2,030,000 after purchasing an additional 118,061 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

OneSpan Stock Performance

Shares of NASDAQ:OSPN traded down $0.20 during trading on Tuesday, hitting $14.71. 168,439 shares of the company's stock were exchanged, compared to its average volume of 394,683. The business's 50-day simple moving average is $14.50 and its 200 day simple moving average is $12.62. OneSpan Inc. has a 52-week low of $7.64 and a 52-week high of $16.41.

OneSpan (NASDAQ:OSPN - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same quarter in the prior year, the company posted ($0.27) EPS. Equities research analysts forecast that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Rosenblatt Securities started coverage on OneSpan in a report on Friday. They set a "buy" rating and a $20.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.38.

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.