ReposiTrak (NYSE:TRAK) Trading Up 1.4% – Time to Buy?

ReposiTrak Inc. (NYSE:TRAK) was up 1.4% during trading on Wednesday . The company traded as high as $8.03 and last traded at $7.92. Approximately 186,154 shares were traded during trading, an increase of 147% from the average session volume of 75,449 shares. The stock had previously closed at $7.81.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

ReposiTrak Price Performance

The company has a 50 day simple moving average of $8.45 and a 200-day simple moving average of $8.70. The stock has a market capitalization of $145.39 million, a P/E ratio of 21.62 and a beta of 0.83.

ReposiTrak Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Tuesday, June 30th were paid a $0.02 dividend. The ex-dividend date 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its stake 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 purchasing an additional 7,371 shares during the period. American Century Companies Inc. grew its holdings in ReposiTrak by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 23,344 shares of the company’s stock valued at $459,000 after buying an additional 3,455 shares in the last quarter. Jane Street Group LLC purchased a new position in ReposiTrak during the 2nd quarter valued at about $802,000. BNP Paribas Financial Markets increased its position in shares of ReposiTrak by 63.5% during 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 lifted its holdings in shares of ReposiTrak by 397.3% in the second 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 in the last quarter. 27.35% of the stock is currently owned by hedge funds and other institutional investors.

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.