Insider Selling: ReposiTrak (NYSE:TRAK) CEO Sells 7,500 Shares of Stock

ReposiTrak Inc. (NYSE:TRAK) CEO Randall Fields sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $8.06, for a total transaction of $60,450.00. Following the completion of the transaction, the chief executive officer owned 70,000 shares in the company, valued at approximately $564,200. This represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

ReposiTrak Trading Up 0.2%

TRAK stock traded up $0.02 during midday trading on Monday, reaching $8.06. The company had a trading volume of 149,836 shares, compared to its average volume of 118,044. ReposiTrak Inc. has a 1 year low of $7.76 and a 1 year high of $23.72. The company has a market capitalization of $146.72 million, a P/E ratio of 21.78 and a beta of 0.49. The company has a 50 day moving average of $9.67 and a two-hundred day moving average of $12.85.

ReposiTrak (NYSE:TRAK) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.09 EPS for the quarter. ReposiTrak had a net margin of 30.62% and a return on equity of 14.52%. The business had revenue of $5.86 million for the quarter.

ReposiTrak Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. ReposiTrak’s dividend payout ratio (DPR) is presently 21.62%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in shares of ReposiTrak by 152.6% during the 4th quarter. State of Alaska Department of Revenue now owns 2,127 shares of the company’s stock valued at $25,000 after purchasing an additional 1,285 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in ReposiTrak by 63.5% in the second quarter. BNP Paribas Financial Markets now owns 1,633 shares of the company’s stock worth $32,000 after purchasing an additional 634 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in ReposiTrak in the fourth quarter worth $53,000. Copeland Capital Management LLC acquired a new position in ReposiTrak during the third quarter worth $54,000. Finally, Tower Research Capital LLC TRC increased its position in ReposiTrak by 397.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the company’s stock worth $71,000 after buying an additional 2,892 shares during the last quarter. Institutional investors and hedge funds own 27.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TRAK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ReposiTrak in a research report on Monday, December 29th. Wall Street Zen lowered ReposiTrak from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ReposiTrak has an average rating of “Hold”.

ReposiTrak Company Profile

ReposiTrak, trading on the New York Stock Exchange under the symbol TRAK, is a provider of cloud-based supply chain compliance and transparency solutions. The company’s platform enables retailers, suppliers and manufacturers to manage, share and validate product data throughout the supply chain. Through its Software-as-a-Service (SaaS) offering, ReposiTrak helps organizations ensure adherence to regulatory requirements, industry standards and retailer-specific guidelines for food safety, sustainability, labeling and quality assurance.

At the core of ReposiTrak’s offerings is its DataHub, a centralized repository that captures critical information such as product specifications, certifications, catch-weight data, temperature logs and recall notifications.