ReposiTrak (NYSE:TRAK) Stock Price Up 1.2% – Here’s Why

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ReposiTrak Stock Performance

The stock’s 50 day simple moving average is $8.90 and its two-hundred day simple moving average is $8.96. The firm has a market capitalization of $149.18 million, a PE ratio of 22.19 and a beta of 0.83.

ReposiTrak Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.0%. ReposiTrak’s dividend payout ratio (DPR) is currently 21.62%.

Institutional Investors Weigh In On ReposiTrak

Large investors have recently added to or reduced their stakes in the business. Ashford Capital Management Inc. lifted its position in shares of ReposiTrak by 49.2% during the 1st quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company’s stock worth $7,707,000 after purchasing an additional 334,447 shares during the last quarter. Bank of Montreal Can acquired a new stake in ReposiTrak during the 4th quarter worth $3,457,000. Bank of New York Mellon Corp purchased a new position in shares of ReposiTrak during the second quarter worth about $1,262,000. Stifel Financial Corp grew its stake in shares of ReposiTrak by 139.2% in the 4th quarter. Stifel Financial Corp now owns 129,275 shares of the company’s stock valued at $1,599,000 after purchasing an additional 75,225 shares during the last quarter. Finally, Marshall Wace LLP grew its position in ReposiTrak by 283.4% in the 4th quarter. Marshall Wace LLP now owns 77,617 shares of the company’s stock valued at $960,000 after buying an additional 57,371 shares during the last quarter. 27.35% of the stock is 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.