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

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

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

Wall Street Analyst Weigh In

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

Repositrak Price Performance

The company has a market capitalization of $376.49 million, a price-to-earnings ratio of 60.59 and a beta of 0.54.

Repositrak Increases Dividend

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

Institutional Investors Weigh In On Repositrak

An institutional investor recently raised its position in Repositrak stock. Ellsworth Advisors LLC boosted its position in shares of Repositrak, Inc. (NYSE:TRAK) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,289 shares of the company’s stock after acquiring an additional 2,997 shares during the period. Ellsworth Advisors LLC owned 0.17% of Repositrak worth $634,000 as of its most recent filing with the Securities & Exchange Commission. 27.35% of the stock is currently owned by institutional investors.

About Repositrak

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.