ReposiTrak (NYSE:TRAK) CEO Randall Fields Sells 7,500 Shares

Key Points

• CEO Randall Fields of ReposiTrak sold 7,500 shares at an average price of $16.06, reducing his ownership by 8.62%.
• The company recently cut its quarterly dividend to $0.0182 per share, reflecting an annualized yield of 0.4%.
• ReposiTrak received an upgrade from a "hold" to a "buy" rating by analysts at Wall Street Zen.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report) CEO Randall Fields sold 7,500 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $16.06, for a total value of $120,450.00. Following the transaction, the chief executive officer directly owned 79,500 shares of the company's stock, valued at approximately $1,276,770. This trade represents a 8.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ReposiTrak Price Performance

Shares of NYSE:TRAK traded up $0.18 during trading on Monday, hitting $17.35. 66,649 shares of the company were exchanged, compared to its average volume of 50,897. The firm has a market cap of $317.16 million, a P/E ratio of 51.03 and a beta of 0.47. The firm's 50 day moving average is $17.54. ReposiTrak Inc. has a 52-week low of $15.12 and a 52-week high of $25.01. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.0182 per share. The ex-dividend date was Monday, June 30th. This represents a $0.07 annualized dividend and a dividend yield of 0.4%. ReposiTrak's dividend payout ratio is currently 20.59%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ReposiTrak

A number of hedge funds and other institutional investors have recently modified their holdings of TRAK. Ellsworth Advisors LLC boosted its stake in ReposiTrak by 10.6% in the first quarter. Ellsworth Advisors LLC now owns 31,289 shares of the company's stock valued at $634,000 after acquiring an additional 2,997 shares in the last quarter. R Squared Ltd purchased a new position in shares of ReposiTrak during the second quarter worth $235,000. Ingalls & Snyder LLC raised its holdings in shares of ReposiTrak by 1.3% during the second quarter. Ingalls & Snyder LLC now owns 198,714 shares of the company's stock worth $3,905,000 after purchasing an additional 2,554 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of ReposiTrak during the second quarter worth $818,000. Finally, Prescott Group Capital Management L.L.C. raised its holdings 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 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.

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