ReposiTrak Inc. (NYSE:TRAK) Declares $0.02 Quarterly Dividend

Key Points

• ReposiTrak declared a quarterly dividend of $0.02 per share, payable November 13 to shareholders of record September 30. The dividend yields approximately 1.0%, with a payout ratio of 21.6%.
• TRAK shares fell 2.5% to $8.28 in Friday trading, near the lower end of their 52-week range of $6.94 to $18.05. The company has a market capitalization of approximately $150.5 million.
• Institutional investors and hedge funds own 27.35% of ReposiTrak, with several firms increasing their positions recently, including Ashford Capital Management and NewEdge Advisors.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.02 per share on Friday, November 13th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

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

ReposiTrak Trading Down 2.5%

Shares of TRAK traded down $0.21 during mid-day trading on Friday, reaching $8.28. The company had a trading volume of 133,259 shares, compared to its average volume of 106,996. ReposiTrak has a fifty-two week low of $6.94 and a fifty-two week high of $18.05. The firm has a fifty day simple moving average of $8.35 and a 200-day simple moving average of $8.69. The stock has a market cap of $150.45 million, a price-to-earnings ratio of 22.38 and a beta of 0.83.

Institutional Trading of ReposiTrak

Several large investors have recently bought and sold shares of TRAK. Lunt Capital Management Inc. raised its stake in shares of ReposiTrak by 15.7% during the second quarter. Lunt Capital Management Inc. now owns 67,464 shares of the company's stock valued at $607,000 after purchasing an additional 9,172 shares during the period. NewEdge Advisors LLC lifted its holdings in ReposiTrak by 71.7% in the 2nd quarter. NewEdge Advisors LLC now owns 52,069 shares of the company's stock worth $469,000 after buying an additional 21,743 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in ReposiTrak in the 2nd quarter worth $1,262,000. Bank of America Corp DE boosted its position in ReposiTrak by 39.4% in the 1st 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. Finally, Ashford Capital Management Inc. grew its stake in shares of ReposiTrak by 49.2% during the first quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company's stock valued at $7,707,000 after acquiring an additional 334,447 shares in the last quarter. Institutional investors and hedge funds own 27.35% of the company's stock.

ReposiTrak Company Profile

ReposiTrak, Inc develops and operates a cloud-based supply chain management platform designed to improve product traceability, compliance and information exchange. Its technology connects retailers, wholesalers, distributors, manufacturers and suppliers, helping trading partners share standardized product, supplier and transaction data across complex supply chains.

The company's offerings include the ReposiTrak Traceability Network and related compliance and supply chain applications. These tools support supplier onboarding, product and facility information management, food safety documentation, regulatory compliance, recall readiness and electronic tracking of products through the supply chain.

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