ReposiTrak (NYSE:TRAK) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of ReposiTrak (NYSE:TRAK) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of ReposiTrak in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

ReposiTrak Trading Down 1.9%

Shares of TRAK opened at $10.81 on Friday. The firm has a market capitalization of $197.71 million, a price-to-earnings ratio of 30.03 and a beta of 0.41. The firm’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $15.30. ReposiTrak has a twelve month low of $10.75 and a twelve month high of $23.72.

ReposiTrak (NYSE:TRAK) last posted its earnings results on Thursday, November 13th. The company reported $0.09 EPS for the quarter. The firm had revenue of $5.97 million for the quarter. ReposiTrak had a return on equity of 14.37% and a net margin of 30.52%.

Insider Activity

In other ReposiTrak news, Director Ronald C. Hodge sold 18,906 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $13.16, for a total transaction of $248,802.96. Following the transaction, the director directly owned 561,869 shares in the company, valued at approximately $7,394,196.04. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Randall K. Fields sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $10.85, for a total value of $31,465.00. Following the sale, the chief executive officer directly owned 145,000 shares in the company, valued at $1,573,250. This trade represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 103,047 shares of company stock valued at $1,368,242 in the last quarter. Company insiders own 41.00% of the company’s stock.

Institutional Trading of ReposiTrak

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRAK. R Squared Ltd purchased a new position in ReposiTrak in the 2nd quarter valued at about $235,000. Ingalls & Snyder LLC raised its holdings in ReposiTrak by 1.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 198,714 shares of the company’s stock valued at $3,905,000 after acquiring an additional 2,554 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of ReposiTrak during the 2nd quarter worth $818,000. Prescott Group Capital Management L.L.C. boosted its holdings in shares of ReposiTrak by 47.2% during the second quarter. Prescott Group Capital Management L.L.C. now owns 26,284 shares of the company’s stock worth $516,000 after purchasing an additional 8,428 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in ReposiTrak by 7.1% in the second quarter. Handelsbanken Fonder AB now owns 1,654,348 shares of the company’s stock valued at $32,508,000 after purchasing an additional 110,000 shares during the last quarter. Hedge funds and other institutional investors own 27.35% of the company’s stock.

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.