Repositrak (NYSE:TRAK) Shares Down 4.3% on Insider Selling

Repositrak, Inc. (NYSE:TRAK) dropped 4.3% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $20.38 and last traded at $20.60. Approximately 45,903 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 47,117 shares. The stock had previously closed at $21.53.

Specifically, CEO Randall K. Fields sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $21.00, for a total transaction of $52,500.00. Following the completion of the sale, the chief executive officer now owns 177,000 shares of the company’s stock, valued at $3,717,000. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Randall K. Fields sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $21.52, for a total transaction of $75,320.00. Following the sale, the chief executive officer now directly owns 179,500 shares of the company’s stock, valued at $3,862,840. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. In other Repositrak news, CEO Randall K. Fields sold 1,500 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $21.74, for a total value of $32,610.00. Following the completion of the sale, the chief executive officer now directly owns 183,000 shares in the company, valued at approximately $3,978,420. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Repositrak from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd.

Repositrak Stock Down 4.3%

The company has a market cap of $376.49 million, a P/E ratio of 60.59 and a beta of 0.54.

Repositrak Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. This is a boost from Repositrak’s previous quarterly dividend of $0.02. Repositrak’s dividend payout ratio (DPR) is currently 23.53%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Repositrak stock. Ellsworth Advisors LLC boosted its stake in shares of Repositrak, Inc. (NYSE:TRAK) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,289 shares of the company’s stock after acquiring an additional 2,997 shares during the quarter. Ellsworth Advisors LLC owned 0.17% of Repositrak worth $634,000 at the end of the most recent reporting period. 27.35% of the stock is currently owned by institutional investors and hedge funds.

Repositrak Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.