ReposiTrak (NYSE:TRAK) Trading 0.4% Higher – Still a Buy?

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

Analysts Set New Price Targets

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

ReposiTrak Trading Up 0.4%

The firm has a 50-day moving average of $9.66 and a 200 day moving average of $9.59. The company has a market cap of $162.98 million, a P/E ratio of 24.24 and a beta of 0.82.

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

ReposiTrak Announces Dividend

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

Institutional Investors Weigh In On ReposiTrak

A number of large investors have recently bought and sold shares of TRAK. NewEdge Advisors LLC raised its holdings in shares of ReposiTrak by 962.6% during the first quarter. NewEdge Advisors LLC now owns 30,326 shares of the company’s stock valued at $230,000 after purchasing an additional 27,472 shares during the period. Bank of America Corp DE grew its stake in shares of ReposiTrak by 39.4% in the 1st quarter. Bank of America Corp DE now owns 20,042 shares of the company’s stock valued at $152,000 after buying an additional 5,660 shares during the period. Ashford Capital Management Inc. increased its position in ReposiTrak by 49.2% in the 1st quarter. Ashford Capital Management Inc. now owns 1,014,028 shares of the company’s stock valued at $7,707,000 after buying an additional 334,447 shares in the last quarter. Gateway Wealth Partners LLC raised its stake in ReposiTrak by 100.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 22,552 shares of the company’s stock worth $171,000 after buying an additional 11,276 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in ReposiTrak by 29.6% in the first quarter. Renaissance Technologies LLC now owns 243,963 shares of the company’s stock worth $1,854,000 after acquiring an additional 55,700 shares in the last quarter. 27.35% of the stock is currently owned by institutional investors and hedge funds.

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.