Bank of New York Mellon Corp Makes New Investment in ReposiTrak Inc. $TRAK

Key Points

• Bank of New York Mellon acquired 140,180 ReposiTrak shares worth approximately $1.26 million, representing about 0.77% of the company. Institutional investors collectively own 27.35% of TRAK.
• Several other funds increased their positions, including Ashford Capital Management, Stifel Financial, Marshall Wace and Renaissance Technologies, while MarketBeat reports a consensus analyst rating of Hold.
• ReposiTrak shares opened at $7.92, within a 12-month range of $6.94 to $18.05. The company recently paid a $0.02 quarterly dividend, equivalent to an annualized $0.08 payout and a 1.0% yield.

Bank of New York Mellon Corp acquired a new stake in shares of ReposiTrak Inc. (NYSE:TRAK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 140,180 shares of the company's stock, valued at approximately $1,262,000. Bank of New York Mellon Corp owned about 0.77% of ReposiTrak as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Ashford Capital Management Inc. raised its holdings in ReposiTrak by 49.2% in the 1st 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. Bank of Montreal Can bought a new stake in shares of ReposiTrak during the fourth quarter valued at approximately $3,457,000. Stifel Financial Corp increased its position in shares of ReposiTrak by 139.2% during the fourth quarter. Stifel Financial Corp now owns 129,275 shares of the company's stock valued at $1,599,000 after purchasing an additional 75,225 shares during the period. Marshall Wace LLP raised its stake in shares of ReposiTrak by 283.4% in the fourth quarter. Marshall Wace LLP now owns 77,617 shares of the company's stock valued at $960,000 after purchasing an additional 57,371 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of ReposiTrak by 29.6% in the first quarter. Renaissance Technologies LLC now owns 243,963 shares of the company's stock valued at $1,854,000 after purchasing an additional 55,700 shares in the last quarter. Institutional investors own 27.35% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of ReposiTrak from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, ReposiTrak presently has a consensus rating of "Hold".

ReposiTrak Stock Up 1.4%

Shares of ReposiTrak stock opened at $7.92 on Thursday. ReposiTrak Inc. has a 12-month low of $6.94 and a 12-month high of $18.05. The stock has a market capitalization of $143.91 million, a P/E ratio of 21.41 and a beta of 0.83. The company has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $8.71.

ReposiTrak Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. ReposiTrak's dividend payout ratio is currently 21.62%.

ReposiTrak 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.

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