Canterbury Park (NASDAQ:CPHC) Issues Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%.

Canterbury Park Stock Performance

Shares of NASDAQ CPHC traded down $0.06 during trading on Tuesday, reaching $15.41. The company had a trading volume of 1,150 shares, compared to its average volume of 1,783. Canterbury Park has a 52 week low of $14.39 and a 52 week high of $17.95. The business’s 50 day moving average price is $15.73 and its 200-day moving average price is $15.66. The stock has a market cap of $79.36 million, a PE ratio of -1,541.00 and a beta of -0.39.

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Canterbury Park Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park’s payout ratio is currently -2,800.00%.

Institutional Trading of Canterbury Park

A hedge fund recently raised its position in Canterbury Park stock. Bank of America Corp DE grew its position in Canterbury Park Holding Corporation (NASDAQ:CPHC – Free Report) by 142.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,616 shares of the company’s stock after buying an additional 1,536 shares during the period. Bank of America Corp DE owned 0.05% of Canterbury Park worth $49,000 at the end of the most recent reporting period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Canterbury Park

About Canterbury Park

(Get Free Report)

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.

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