Insider Selling: ReposiTrak Inc. (NYSE:TRAK) CEO Sells 4,000 Shares of Stock

Key Points

• CEO Randall K. Fields sold 4,000 shares of ReposiTrak Inc. stock at an average price of $16.83, reducing his total ownership by 3.42% to 113,000 shares valued at approximately $1.9 million.
• ReposiTrak declared a quarterly dividend of $0.0182 per share, with an ex-dividend date set for June 30, resulting in a 0.4% dividend yield for shareholders.
• Recent upgrades from analysts, including a shift from a "hold" to a "buy" rating, indicate increasing investor confidence in ReposiTrak's potential.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report) CEO Randall K. Fields sold 4,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $16.83, for a total value of $67,320.00. Following the transaction, the chief executive officer owned 113,000 shares in the company, valued at approximately $1,901,790. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ReposiTrak Trading Down 0.4%

NYSE TRAK traded down $0.07 during trading hours on Monday, hitting $16.36. 8,071 shares of the company's stock were exchanged, compared to its average volume of 50,332. The firm has a 50-day moving average of $18.73. The stock has a market cap of $299.06 million, a price-to-earnings ratio of 48.12 and a beta of 0.50. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.01. ReposiTrak Inc. has a 1-year low of $15.12 and a 1-year high of $25.01.

ReposiTrak Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, June 30th were issued a $0.0182 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 30th. ReposiTrak's dividend payout ratio is presently 20.59%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ReposiTrak

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRAK. Ashford Capital Management Inc. increased its stake in shares of ReposiTrak by 93.7% in the second quarter. Ashford Capital Management Inc. now owns 792,154 shares of the company's stock worth $15,566,000 after buying an additional 383,283 shares during the period. Handelsbanken Fonder AB raised its stake in ReposiTrak by 7.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,654,348 shares of the company's stock worth $32,508,000 after acquiring an additional 110,000 shares during the period. Los Angeles Capital Management LLC purchased a new stake in ReposiTrak during the 2nd quarter valued at approximately $818,000. Jane Street Group LLC purchased a new stake in shares of ReposiTrak in the second quarter worth about $802,000. Finally, Coldstream Capital Management Inc. grew its holdings in shares of ReposiTrak by 47,619.0% in the second quarter. Coldstream Capital Management Inc. now owns 20,042 shares of the company's stock valued at $394,000 after purchasing an additional 20,000 shares in the last quarter. 27.35% of the stock is currently owned by hedge funds and other institutional investors.

ReposiTrak Company Profile

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.