Onespan Inc (NASDAQ:OSPN) Plans Quarterly Dividend of $0.13

Onespan Inc (NASDAQ:OSPN) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.13 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, March 13th. This is a 8.3% increase from Onespan’s previous quarterly dividend of $0.12.

Onespan has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Onespan to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.7%.

Onespan Stock Down 3.3%

Shares of NASDAQ OSPN traded down $0.37 during trading hours on Friday, hitting $11.00. The company had a trading volume of 219,254 shares, compared to its average volume of 588,023. The firm’s 50 day moving average is $11.99 and its 200-day moving average is $13.42. The stock has a market capitalization of $418.26 million, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.53. Onespan has a 1-year low of $10.17 and a 1-year high of $18.13.

Onespan (NASDAQ:OSPN) last posted its earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $62.92 million during the quarter, compared to the consensus estimate of $59.78 million. Onespan had a return on equity of 18.41% and a net margin of 24.08%. On average, sell-side analysts predict that Onespan will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Onespan

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Onespan by 4.5% in the fourth quarter. Invesco Ltd. now owns 98,190 shares of the company’s stock valued at $1,261,000 after purchasing an additional 4,197 shares in the last quarter. Lynrock Lake LP boosted its holdings in Onespan by 14.8% in the 4th quarter. Lynrock Lake LP now owns 432,440 shares of the company’s stock valued at $5,553,000 after purchasing an additional 55,774 shares during the period. XTX Topco Ltd bought a new position in Onespan during the fourth quarter worth about $465,000. Numerai GP LLC acquired a new stake in shares of Onespan during the 4th quarter worth about $2,233,000. Finally, Millennium Management LLC grew its position in Onespan by 1,018.8% during the 4th quarter. Millennium Management LLC now owns 1,211,659 shares of the company’s stock worth $15,558,000 after acquiring an additional 1,103,360 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.