Ellsworth Advisors LLC Invests $545,000 in OneSpan Inc. (NASDAQ:OSPN)

Ellsworth Advisors LLC purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 32,695 shares of the company's stock, valued at approximately $545,000. Ellsworth Advisors LLC owned 0.09% of OneSpan as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OSPN. Vanguard Group Inc. boosted its stake in shares of OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after acquiring an additional 219,907 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of OneSpan by 30.1% during the 2nd quarter. Marshall Wace LLP now owns 326,208 shares of the company's stock worth $4,182,000 after purchasing an additional 75,381 shares during the period. Acadian Asset Management LLC grew its stake in shares of OneSpan by 1,038.5% during the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock valued at $4,154,000 after buying an additional 295,739 shares during the last quarter. AQR Capital Management LLC grew its position in OneSpan by 242.0% in the 2nd quarter. AQR Capital Management LLC now owns 320,259 shares of the company's stock valued at $4,106,000 after acquiring an additional 226,604 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in OneSpan in the 1st quarter valued at about $2,997,000. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Price Performance

OSPN traded down $0.03 during trading on Friday, reaching $15.37. 363,661 shares of the stock were exchanged, compared to its average volume of 401,402. The company has a market capitalization of $581.69 million, a price-to-earnings ratio of -85.39 and a beta of 0.76. OneSpan Inc. has a 1 year low of $7.64 and a 1 year high of $16.68. The business's 50 day moving average price is $15.58 and its two-hundred day moving average price is $13.62.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The business had revenue of $60.92 million for the quarter. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities assumed coverage on OneSpan in a research report on Friday, September 6th. They set a "buy" rating and a $20.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.