Repositrak (NYSE:TRAK) Shares Down 4.3% on Insider Selling

Repositrak, Inc. (NYSE:TRAK - Get Free Report)'s stock price dropped 4.3% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $20.38 and last traded at $20.60. Approximately 45,903 shares changed hands during trading, a decline of 3% from the average daily volume of 47,117 shares. The stock had previously closed at $21.53.

Specifically, CEO Randall K. Fields sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $21.00, for a total transaction of $52,500.00. Following the sale, the chief executive officer now directly owns 177,000 shares in the company, valued at $3,717,000. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Randall K. Fields sold 3,500 shares of Repositrak stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $21.52, for a total value of $75,320.00. Following the completion of the transaction, the chief executive officer now owns 179,500 shares of the company's stock, valued at approximately $3,862,840. This trade represents a 1.91% decrease in their position. The disclosure for this sale can be found here. In related news, CEO Randall K. Fields sold 1,500 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $21.74, for a total transaction of $32,610.00. Following the sale, the chief executive officer now owns 183,000 shares in the company, valued at approximately $3,978,420. This represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

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

Repositrak Trading Up 1.5%

The company has a market capitalization of $382.15 million, a P/E ratio of 61.50 and a beta of 0.54.

Repositrak Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Tuesday, September 30th will be issued a $0.02 dividend. This is a positive change from Repositrak's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.38%. Repositrak's payout ratio is presently 23.53%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Repositrak stock. Ellsworth Advisors LLC lifted its position in shares of Repositrak, Inc. (NYSE:TRAK - Free Report) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,289 shares of the company's stock after buying an additional 2,997 shares during the quarter. Ellsworth Advisors LLC owned approximately 0.17% of Repositrak worth $634,000 at the end of the most recent 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.