Insider Selling: Repositrak, Inc. (NYSE:TRAK) CEO Sells 3,500 Shares of Stock

Repositrak, Inc. (NYSE:TRAK - Get Free Report) CEO Randall K. Fields sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $21.52, for a total transaction of $75,320.00. Following the completion of the sale, the chief executive officer now directly owns 179,500 shares of the company's stock, valued at $3,862,840. The trade was a 1.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Repositrak Stock Up 1.5%

Shares of TRAK stock traded up $0.30 during trading hours on Thursday, hitting $20.91. 45,831 shares of the company were exchanged, compared to its average volume of 47,106. Repositrak, Inc. has a 52 week low of $14.23 and a 52 week high of $25.01. The company has a market capitalization of $382.15 million, a price-to-earnings ratio of 61.50 and a beta of 0.54.

Repositrak Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.02 per share. This is an increase from Repositrak's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, September 30th. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. Repositrak's dividend payout ratio is currently 23.53%.

Institutional Investors Weigh In On Repositrak

A hedge fund recently raised its stake in Repositrak stock. Ellsworth Advisors LLC lifted its stake in shares of Repositrak, Inc. (NYSE:TRAK - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,289 shares of the company's stock after acquiring an additional 2,997 shares during the period. Ellsworth Advisors LLC owned approximately 0.17% of Repositrak worth $634,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.35% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Repositrak from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

About Repositrak

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.