ReposiTrak (NYSE:TRAK) Trading Up 1.2% - What's Next?

Key Points

• ReposiTrak shares rose 1.2% to $8.21 in mid-day trading, though volume was 36% below the average. The stock’s market capitalization is approximately $149.2 million, with shares trading below their 50-day and 200-day moving averages.
• Weiss Ratings downgraded ReposiTrak’s rating from “hold (c)” to “hold (c-),” while the broader analyst consensus remains Hold.
• The company paid a quarterly dividend of $0.02 per share, equivalent to an annualized $0.08 dividend and a 1.0% yield. Institutional investors own 27.35% of the stock, with several funds recently increasing their positions.

ReposiTrak Inc. (NYSE:TRAK - Get Free Report)'s stock price rose 1.2% during mid-day trading on Tuesday . The stock traded as high as $8.41 and last traded at $8.21. Approximately 36,235 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 56,469 shares. The stock had previously closed at $8.11.

Analysts Set New Price Targets

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

ReposiTrak Stock Performance

The stock has a market cap of $149.18 million, a PE ratio of 22.19 and a beta of 0.83. The stock has a fifty day moving average price of $8.90 and a 200 day moving average price of $8.96.

ReposiTrak Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 30th. ReposiTrak's dividend payout ratio (DPR) is presently 21.62%.

Institutional Investors Weigh In On ReposiTrak

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in ReposiTrak in the second quarter valued at about $1,262,000. NewEdge Advisors LLC grew its stake in shares of ReposiTrak by 962.6% during the first quarter. NewEdge Advisors LLC now owns 30,326 shares of the company's stock worth $230,000 after acquiring an additional 27,472 shares during the last quarter. Bank of America Corp DE increased its stake in ReposiTrak by 39.4% during the 1st quarter. Bank of America Corp DE now owns 20,042 shares of the company's stock valued at $152,000 after purchasing an additional 5,660 shares in the last quarter. Ashford Capital Management Inc. increased its position in shares of ReposiTrak by 49.2% in the 1st quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company's stock valued at $7,707,000 after acquiring an additional 334,447 shares during the period. Finally, Gateway Wealth Partners LLC increased its holdings in shares of ReposiTrak by 100.0% in the first quarter. Gateway Wealth Partners LLC now owns 22,552 shares of the company's stock valued at $171,000 after purchasing an additional 11,276 shares during the period. 27.35% of the stock is currently owned by hedge funds and other institutional investors.

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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