Insider Selling: ReposiTrak Inc. (NYSE:TRAK) CEO Sells 4,020 Shares of Stock

Key Points

• CEO Sale: ReposiTrak Inc. CEO Randall K. Fields sold 4,020 shares at an average price of $16.29, resulting in a total sale of $65,485.80, decreasing his ownership by 3.23%.
• Dividend Announcement: The company declared a quarterly dividend of $0.0182, representing an annualized yield of 0.5%, with the ex-dividend date set for June 30th.
• Analyst Upgrade: Wall Street Zen upgraded ReposiTrak from a "hold" rating to a "buy" rating on May 22nd, suggesting growing investor confidence in the company.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report) CEO Randall K. Fields sold 4,020 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $16.29, for a total value of $65,485.80. Following the completion of the transaction, the chief executive officer directly owned 120,480 shares of the company's stock, valued at $1,962,619.20. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ReposiTrak Trading Up 1.5%

NYSE:TRAK traded up $0.24 during midday trading on Friday, hitting $16.75. 60,107 shares of the stock were exchanged, compared to its average volume of 52,996. The company has a market cap of $306.19 million, a P/E ratio of 49.27 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.03 and a quick ratio of 6.03. ReposiTrak Inc. has a one year low of $15.12 and a one year high of $25.01. The company's 50-day moving average price is $19.21.

ReposiTrak Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, June 30th will be issued a $0.0182 dividend. 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 20.59%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ReposiTrak

Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in ReposiTrak in the second quarter worth approximately $818,000. R Squared Ltd acquired a new position in shares of ReposiTrak in the 2nd quarter worth $235,000. Prescott Group Capital Management L.L.C. raised 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 worth $516,000 after purchasing an additional 8,428 shares during the period. Ellsworth Advisors LLC lifted its holdings in shares of ReposiTrak by 10.6% during the first 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 last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of 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 purchasing an additional 2,554 shares during the period. Institutional investors and hedge funds own 27.35% of the company's stock.

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.