ReposiTrak (NYSE:TRAK) Trading Up 1.4% - Here's Why

Key Points

• ReposiTrak shares rose 1.4% to $7.92, with trading volume reaching roughly 186,154 shares—147% above the average daily volume.
• MarketBeat reports a consensus “Hold” rating; Weiss Ratings recently downgraded the stock from “hold (c)” to “hold (c-).”
• The company paid a quarterly dividend of $0.02 per share, equivalent to $0.08 annually and a 1.0% yield, while institutional investors and hedge funds own 27.35% of outstanding shares.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report) rose 1.4% during trading on Wednesday . The company traded as high as $8.03 and last traded at $7.92. Approximately 186,154 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 75,449 shares. The stock had previously closed at $7.81.

Wall Street Analysts Forecast Growth

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

ReposiTrak Price Performance

The company's fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $8.71. The stock has a market cap of $143.91 million, a price-to-earnings ratio of 21.41 and a beta of 0.83.

ReposiTrak Announces Dividend

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

Hedge Funds Weigh In On ReposiTrak

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of ReposiTrak by 63.5% in the second quarter. BNP Paribas Financial Markets now owns 1,633 shares of the company's stock worth $32,000 after purchasing an additional 634 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ReposiTrak by 397.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the company's stock valued at $71,000 after buying an additional 2,892 shares during the last quarter. ARS Investment Partners LLC bought a new stake in ReposiTrak during the first quarter worth $121,000. Walleye Capital LLC bought a new stake in ReposiTrak during the fourth quarter worth $130,000. Finally, Deutsche Bank AG raised its position in ReposiTrak by 3,132.5% in the 4th quarter. Deutsche Bank AG now owns 10,829 shares of the company's stock valued at $134,000 after buying an additional 10,494 shares during the last quarter. Institutional investors and hedge funds own 27.35% of the company's stock.

About ReposiTrak

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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