Canterbury Park (NASDAQ:CPHC) Issues Earnings Results

Canterbury Park (NASDAQ:CPHC) issued its earnings results on Monday. The company reported $0.03 EPS for the quarter, Zacks reports. Canterbury Park had a negative net margin of 0.89% and a negative return on equity of 0.63%.

Canterbury Park Trading Down 1.0%

Shares of NASDAQ CPHC traded down $0.16 during midday trading on Monday, reaching $15.66. The company had a trading volume of 586 shares, compared to its average volume of 1,566. The business’s 50-day simple moving average is $15.58 and its 200 day simple moving average is $15.50. Canterbury Park has a 1 year low of $14.39 and a 1 year high of $21.61. The stock has a market cap of $80.65 million, a P/E ratio of -156.60 and a beta of -0.39.

Canterbury Park Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park’s dividend payout ratio (DPR) is currently -280.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Canterbury Park stock. Bank of America Corp DE increased its holdings in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) by 142.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,616 shares of the company’s stock after purchasing an additional 1,536 shares during the period. Bank of America Corp DE owned approximately 0.05% of Canterbury Park worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Canterbury Park in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Canterbury Park presently has an average rating of “Sell”.

Canterbury Park Company Profile

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.