Rhumbline Advisers Invests $1.47 Million in Onespan Inc (OSPN) Stock

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Rhumbline Advisers acquired a new position in Onespan Inc (NASDAQ:OSPN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 74,912 shares of the company’s stock, valued at approximately $1,472,000. Rhumbline Advisers owned approximately 0.19% of Onespan at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new stake in Onespan during the 2nd quarter valued at about $265,000. Municipal Employees Retirement System of Michigan bought a new stake in Onespan during the 2nd quarter valued at about $682,000. Creative Planning bought a new stake in Onespan during the 2nd quarter valued at about $415,000. Texas Permanent School Fund bought a new stake in Onespan during the 2nd quarter valued at about $383,000. Finally, Acadian Asset Management LLC bought a new stake in Onespan during the 2nd quarter valued at about $1,792,000. 60.49% of the stock is owned by hedge funds and other institutional investors.

In other news, Director T Kendall Hunt sold 126,596 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $17.77, for a total value of $2,249,610.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 471,735 shares of company stock valued at $8,392,124. Company insiders own 22.48% of the company’s stock.

NASDAQ:OSPN opened at $18.50 on Friday. Onespan Inc has a one year low of $11.05 and a one year high of $25.45. The stock has a market capitalization of $734.12 million, a PE ratio of 38.83, a price-to-earnings-growth ratio of 5.29 and a beta of 1.43.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Onespan had a negative net margin of 11.11% and a positive return on equity of 7.27%. The business had revenue of $49.55 million during the quarter, compared to analyst estimates of $48.82 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts expect that Onespan Inc will post 0.35 earnings per share for the current year.

Separately, Zacks Investment Research upgraded shares of Onespan from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st.

Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.

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Institutional Ownership by Quarter for Onespan (NASDAQ:OSPN)

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