ReposiTrak Inc. (TRAK) to Distribute Quarterly Dividend of $0.02 on August 14th

ReposiTrak Inc. (NYSE:TRAK) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.02 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th.

ReposiTrak has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings.

ReposiTrak Stock Down 0.3%

Shares of TRAK opened at $9.22 on Friday. The company has a market cap of $167.56 million, a P/E ratio of 24.92 and a beta of 0.79. ReposiTrak has a fifty-two week low of $6.94 and a fifty-two week high of $20.77. The firm’s 50 day moving average price is $9.31 and its 200 day moving average price is $10.03.

ReposiTrak (NYSE:TRAK) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter. The company had revenue of $5.88 million during the quarter. ReposiTrak had a net margin of 30.75% and a return on equity of 14.44%.

Insider Transactions at ReposiTrak

In related news, CEO Randall K. Fields sold 7,500 shares of ReposiTrak stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $8.06, for a total value of $60,450.00. Following the completion of the transaction, the chief executive officer owned 70,000 shares in the company, valued at $564,200. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 41.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ReposiTrak

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of ReposiTrak by 962.6% during the 1st quarter. NewEdge Advisors LLC now owns 30,326 shares of the company’s stock worth $230,000 after purchasing an additional 27,472 shares during the last quarter. Bank of America Corp DE increased its holdings in ReposiTrak by 39.4% in the first quarter. Bank of America Corp DE now owns 20,042 shares of the company’s stock valued at $152,000 after buying an additional 5,660 shares during the last quarter. Ashford Capital Management Inc. raised its stake in ReposiTrak by 49.2% in the first quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company’s stock valued at $7,707,000 after buying an additional 334,447 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in ReposiTrak by 100.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 22,552 shares of the company’s stock worth $171,000 after buying an additional 11,276 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of ReposiTrak by 29.6% during the 1st quarter. Renaissance Technologies LLC now owns 243,963 shares of the company’s stock worth $1,854,000 after acquiring an additional 55,700 shares in the last quarter. 27.35% of the stock is currently owned by institutional investors and hedge funds.

About ReposiTrak

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.