ReposiTrak (NYSE:TRAK) Shares Down 2.6% – Time to Sell?

ReposiTrak Inc. (NYSE:TRAK)’s stock price dropped 2.6% during mid-day trading on Friday . The company traded as low as $9.33 and last traded at $9.46. Approximately 84,798 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 75,058 shares. The stock had previously closed at $9.71.

Analysts Set New Price Targets

Separately, Weiss Ratings cut ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ReposiTrak presently has an average rating of “Hold”.

ReposiTrak Trading Down 2.6%

The stock has a market cap of $171.93 million, a price-to-earnings ratio of 25.57 and a beta of 0.79. The company has a fifty day simple moving average of $9.13 and a 200-day simple moving average of $10.16.

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

ReposiTrak Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. ReposiTrak’s dividend payout ratio is presently 21.62%.

Insider Buying and Selling at ReposiTrak

In other news, CEO Randall K. Fields sold 7,500 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was 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 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 15,000 shares of company stock valued at $120,825 over the last ninety days. 41.00% of the stock is owned by insiders.

Hedge Funds Weigh In On ReposiTrak

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of ReposiTrak by 69.1% in the second quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock worth $354,000 after buying an additional 7,371 shares during the last quarter. American Century Companies Inc. lifted its position in ReposiTrak by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 23,344 shares of the company’s stock worth $459,000 after acquiring an additional 3,455 shares during the last quarter. Jane Street Group LLC bought a new stake in ReposiTrak during the second quarter valued at about $802,000. BNP Paribas Financial Markets increased its stake in shares of 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 during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of ReposiTrak by 397.3% in 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 period. Institutional investors and hedge funds own 27.35% of the company’s stock.

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.