Canterbury Park (NASDAQ:CPHC) Releases Earnings Results

Canterbury Park (NASDAQ:CPHC) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $16.17 million during the quarter. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.

Canterbury Park Price Performance

Shares of CPHC traded down $0.13 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 715 shares, compared to its average volume of 1,619. The firm has a market cap of $80.76 million, a PE ratio of 784.05 and a beta of -0.39. Canterbury Park has a 1 year low of $14.39 and a 1 year high of $17.44. The stock’s 50 day moving average is $15.72 and its 200 day moving average is $15.66.

Canterbury Park Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Canterbury Park’s payout ratio is presently 1,400.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Canterbury Park stock. Bank of America Corp DE lifted its holdings in Canterbury Park Holding Corporation (NASDAQ:CPHC) 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 purchasing an additional 1,536 shares during the period. Bank of America Corp DE owned about 0.05% of Canterbury Park worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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 report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Canterbury Park

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.