ReposiTrak Inc. (TRAK) to Issue Quarterly Dividend of $0.02 on May 15th

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

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

ReposiTrak Trading Down 2.9%

NYSE TRAK traded down $0.21 on Friday, hitting $7.12. 158,057 shares of the company’s stock were exchanged, compared to its average volume of 144,122. The stock has a 50-day moving average of $9.31 and a 200-day moving average of $12.55. The stock has a market cap of $129.58 million, a price-to-earnings ratio of 19.24 and a beta of 0.49. ReposiTrak has a 52 week low of $6.94 and a 52 week high of $23.72.

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

Insider Activity

In other news, CEO Randall K. Fields sold 7,500 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $12.34, for a total value of $92,550.00. Following the completion of the transaction, the chief executive officer directly owned 160,000 shares in the company, valued at approximately $1,974,400. This represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 95,000 shares of company stock worth $946,375 in the last three months. 41.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ReposiTrak

A number of institutional investors and hedge funds have recently bought and sold shares of TRAK. Rhumbline Advisers raised its position in ReposiTrak by 69.1% in the second quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock valued at $354,000 after purchasing an additional 7,371 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of ReposiTrak by 17.4% during the second quarter. American Century Companies Inc. now owns 23,344 shares of the company’s stock worth $459,000 after purchasing an additional 3,455 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of ReposiTrak in the second quarter valued at approximately $802,000. BNP Paribas Financial Markets increased its stake in shares of ReposiTrak by 63.5% in the second quarter. BNP Paribas Financial Markets now owns 1,633 shares of the company’s stock valued at $32,000 after buying an additional 634 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in ReposiTrak by 397.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the company’s stock valued at $71,000 after buying an additional 2,892 shares during the last quarter. Institutional investors and hedge funds own 27.35% of the company’s stock.

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.