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 ReposiTrak stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $16.83, for a total value of $67,320.00. Following the sale, the chief executive officer directly owned 113,000 shares of the company's stock, valued at approximately $1,901,790. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ReposiTrak Price Performance

NYSE:TRAK traded up $0.08 during mid-day trading on Wednesday, reaching $17.24. The stock had a trading volume of 18,814 shares, compared to its average volume of 50,848. ReposiTrak Inc. has a 12 month low of $15.12 and a 12 month high of $25.01. The stock has a market capitalization of $315.08 million, a PE ratio of 50.71 and a beta of 0.50. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $19.04.

ReposiTrak Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.0182 per share. The ex-dividend date is Monday, June 30th. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. ReposiTrak's dividend payout ratio is 23.53%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRAK. Ellsworth Advisors LLC lifted its stake in shares of ReposiTrak by 10.6% in the 1st quarter. Ellsworth Advisors LLC now owns 31,289 shares of the company's stock valued at $634,000 after purchasing an additional 2,997 shares during the period. R Squared Ltd bought a new stake in ReposiTrak during the 2nd quarter worth approximately $235,000. Ingalls & Snyder LLC raised its position in ReposiTrak by 1.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 198,714 shares of the company's stock valued at $3,905,000 after buying an additional 2,554 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of ReposiTrak during the second quarter valued at about $818,000. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of ReposiTrak by 47.2% during the second quarter. Prescott Group Capital Management L.L.C. now owns 26,284 shares of the company's stock valued at $516,000 after acquiring an additional 8,428 shares during the last quarter. 27.35% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.