ReposiTrak Inc. (TRAK) to Issue Quarterly Dividend of $0.02 on May 15th

ReposiTrak Inc. (NYSE:TRAK) announced a quarterly dividend on Friday, March 20th. Investors of record on Tuesday, March 31st will be given a dividend of 0.02 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

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

ReposiTrak Trading Down 2.9%

TRAK stock traded down $0.21 during mid-day trading on Friday, reaching $7.12. The company’s stock had a trading volume of 158,057 shares, compared to its average volume of 144,122. The stock has a market cap of $129.58 million, a PE ratio of 19.24 and a beta of 0.49. The company’s 50 day moving average is $9.31 and its two-hundred day moving average is $12.55. ReposiTrak has a fifty-two week low of $6.94 and a fifty-two week high of $23.72.

ReposiTrak (NYSE:TRAK) last released 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 firm had revenue of $5.86 million for the quarter.

Insiders Place Their Bets

In other 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 transaction of $60,450.00. Following the completion of the sale, the chief executive officer directly owned 70,000 shares in the company, valued at approximately $564,200. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 95,000 shares of company stock valued at $946,375. 41.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in 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 acquiring an additional 1,285 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of ReposiTrak by 63.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,633 shares of the company’s stock worth $32,000 after purchasing an additional 634 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of ReposiTrak in the 4th quarter valued at about $53,000. Copeland Capital Management LLC acquired a new stake in shares of ReposiTrak in the 3rd quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 2,892 shares during the last quarter. 27.35% of the stock is owned by hedge funds and other institutional investors.

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.