ReposiTrak (NYSE:TRAK) Shares Down 0.2% - Here's Why

Key Points

• ReposiTrak Inc. shares fell 0.2% to $16.12 during mid-day trading, with a significant decline in trading volume by 27% compared to its average session volume.
• Wall Street Zen upgraded ReposiTrak's rating from "hold" to "buy," indicating positive sentiment among analysts about the company's future performance.
• Insider activity included CEO Randall K. Fields selling 3,500 shares for about $58,940, resulting in a 3.10% decrease in his ownership stake.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report)'s share price fell 0.2% during mid-day trading on Thursday . The company traded as low as $15.88 and last traded at $16.12. 39,139 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 53,906 shares. The stock had previously closed at $16.16.

Wall Street Analyst Weigh In

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

ReposiTrak Stock Performance

The business has a 50 day moving average of $18.34. The firm has a market capitalization of $294.61 million, a PE ratio of 47.41 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.

ReposiTrak Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, June 30th were given a $0.0182 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. ReposiTrak's dividend payout ratio is currently 23.53%.

Insider Activity at ReposiTrak

In other ReposiTrak news, CEO Randall K. Fields sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $16.84, for a total value of $58,940.00. Following the sale, the chief executive officer directly owned 109,500 shares of the company's stock, valued at approximately $1,843,980. This represents a 3.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 89,000 shares of company stock valued at $1,721,701. Corporate insiders own 44.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in shares of ReposiTrak by 63.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,633 shares of the company's stock valued at $32,000 after buying an additional 634 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in ReposiTrak by 397.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the company's stock worth $71,000 after purchasing an additional 2,892 shares during the period. R Squared Ltd acquired a new stake in ReposiTrak during the 2nd quarter worth $235,000. Rhumbline Advisers raised its position in ReposiTrak by 69.1% during the 2nd quarter. Rhumbline Advisers now owns 18,036 shares of the company's stock worth $354,000 after buying an additional 7,371 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in ReposiTrak by 47,619.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 20,042 shares of the company's stock worth $394,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 27.35% of the company's stock.

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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