ReposiTrak (NYSE:TRAK) Stock Price Up 1.2% – What’s Next?

Shares of ReposiTrak Inc. (NYSE:TRAK) rose 1.2% on Tuesday . The company traded as high as $8.41 and last traded at $8.21. 36,235 shares traded hands during trading, a decline of 36% from the average session volume of 56,469 shares. The stock had previously closed at $8.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ReposiTrak has an average rating of “Hold”.

ReposiTrak Price Performance

The business’s 50-day simple moving average is $8.86 and its two-hundred day simple moving average is $8.95. The stock has a market cap of $145.57 million, a price-to-earnings ratio of 21.65 and a beta of 0.83.

ReposiTrak Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.08 annualized dividend and a dividend yield of 1.0%. ReposiTrak’s dividend payout ratio (DPR) is presently 21.62%.

Institutional Trading of ReposiTrak

Several large investors have recently modified their holdings of TRAK. Rhumbline Advisers lifted its position in shares of ReposiTrak by 69.1% during the 2nd quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock valued at $354,000 after acquiring an additional 7,371 shares during the period. American Century Companies Inc. boosted its position in shares of ReposiTrak by 17.4% during the 2nd 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of ReposiTrak in the 2nd quarter valued at about $802,000. BNP Paribas Financial Markets increased its position in ReposiTrak by 63.5% in the 2nd 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 in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in ReposiTrak by 397.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the company’s stock worth $71,000 after buying an additional 2,892 shares during the period. Institutional investors and hedge funds 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.