ReposiTrak (NYSE:TRAK) Shares Up 0.4% – Here’s What Happened

ReposiTrak Inc. (NYSE:TRAK) rose 0.4% on Friday . The company traded as high as $9.06 and last traded at $8.97. Approximately 35,734 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 75,108 shares. The stock had previously closed at $8.93.

Analyst Ratings Changes

Separately, Weiss Ratings lowered ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ReposiTrak has an average rating of “Hold”.

ReposiTrak Stock Up 0.4%

The stock has a market cap of $163.02 million, a P/E ratio of 24.24 and a beta of 0.82. The firm’s 50-day moving average is $9.66 and its two-hundred day moving average is $9.59.

ReposiTrak (NYSE:TRAK) last posted its earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter. ReposiTrak had a net margin of 30.75% and a return on equity of 14.44%. The company had revenue of $5.88 million during the quarter.

ReposiTrak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Tuesday, June 30th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.9%. ReposiTrak’s dividend payout ratio is currently 21.62%.

Hedge Funds Weigh In On ReposiTrak

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in ReposiTrak by 857.1% in the 1st quarter. NewEdge Advisors LLC now owns 27,317 shares of the company’s stock worth $208,000 after purchasing an additional 24,463 shares during the last quarter. Ashford Capital Management Inc. grew its holdings in ReposiTrak by 49.2% during the first quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company’s stock valued at $7,707,000 after purchasing an additional 334,447 shares during the last quarter. Gateway Wealth Partners LLC raised its position 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. Renaissance Technologies LLC raised its position in shares of ReposiTrak by 29.6% in the first quarter. Renaissance Technologies LLC now owns 243,963 shares of the company’s stock valued at $1,854,000 after purchasing an additional 55,700 shares during the period. Finally, Walleye Capital LLC lifted its stake in shares of ReposiTrak by 109.4% in the first quarter. Walleye Capital LLC now owns 21,958 shares of the company’s stock worth $167,000 after buying an additional 11,474 shares during the last quarter. 27.35% of the stock is currently owned by institutional investors.

ReposiTrak Company Profile

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.