Kovack Advisors Inc. Has $2.56 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Kovack Advisors Inc. lessened its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,300 shares of the company's stock after selling 25,250 shares during the period. Kovack Advisors Inc. owned 0.36% of OneSpan worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of OneSpan by 6.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock worth $231,000 after buying an additional 884 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in OneSpan by 8.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock worth $384,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. raised its holdings in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after purchasing an additional 1,780 shares in the last quarter. R Squared Ltd bought a new stake in OneSpan during the fourth quarter worth approximately $37,000. Finally, Ellsworth Advisors LLC raised its holdings in OneSpan by 8.6% during the fourth quarter. Ellsworth Advisors LLC now owns 35,521 shares of the company's stock worth $659,000 after purchasing an additional 2,826 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares in the company, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

OSPN has been the topic of several research reports. Rosenblatt Securities boosted 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. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, OneSpan presently has an average rating of "Buy" and an average target price of $17.63.

OneSpan Trading Down 1.1 %

Shares of OneSpan stock traded down $0.18 on Friday, reaching $16.04. 740,013 shares of the company were exchanged, compared to its average volume of 411,252. The stock has a fifty day moving average price of $18.75 and a 200-day moving average price of $17.25. The firm has a market capitalization of $609.38 million, a price-to-earnings ratio of 21.68 and a beta of 0.77. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $20.36.

OneSpan Announces Dividend

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

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.