ReposiTrak Inc. (NYSE:TRAK) Declares $0.02 Quarterly Dividend

ReposiTrak Inc. (NYSE:TRAK) declared a quarterly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.02 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

ReposiTrak has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings.

ReposiTrak Stock Down 2.9%

NYSE:TRAK opened at $7.12 on Friday. ReposiTrak has a twelve month low of $6.94 and a twelve month high of $23.72. The stock’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $12.55. The firm has a market capitalization of $129.58 million, a PE ratio of 19.24 and a beta of 0.49.

ReposiTrak (NYSE:TRAK) last posted its earnings results on Tuesday, February 17th. The company reported $0.09 EPS for the quarter. ReposiTrak had a net margin of 30.62% and a return on equity of 14.52%. The firm had revenue of $5.86 million during the quarter.

Insider Buying and Selling at ReposiTrak

In other news, CEO Randall K. Fields sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $8.06, for a total value of $60,450.00. Following the completion of the transaction, the chief executive officer owned 70,000 shares of the company’s stock, valued at $564,200. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 95,000 shares of company stock worth $946,375 in the last quarter. Insiders own 41.00% of the company’s stock.

Hedge Funds Weigh In On ReposiTrak

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashford Capital Management Inc. grew its stake in shares of ReposiTrak by 2.9% in the third quarter. Ashford Capital Management Inc. now owns 815,208 shares of the company’s stock worth $12,081,000 after purchasing an additional 23,054 shares during the last quarter. Rice Hall James & Associates LLC grew its position in shares of ReposiTrak by 6.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 793,858 shares of the company’s stock valued at $9,820,000 after buying an additional 47,914 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of ReposiTrak in the fourth quarter valued at about $3,457,000. Ingalls & Snyder LLC lifted its stake in shares of ReposiTrak by 13.2% in the fourth quarter. Ingalls & Snyder LLC now owns 223,392 shares of the company’s stock worth $2,763,000 after acquiring an additional 26,106 shares during the period. Finally, State Street Corp boosted its holdings in ReposiTrak by 4.2% in the fourth quarter. State Street Corp now owns 202,934 shares of the company’s stock valued at $2,514,000 after acquiring an additional 8,257 shares during the last quarter. 27.35% of the stock is currently owned by institutional investors and hedge funds.

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.