Canterbury Park (NASDAQ:CPHC) Releases Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) released its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share 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 Price Performance

NASDAQ CPHC traded down $0.06 on Tuesday, reaching $15.41. The company had a trading volume of 1,175 shares, compared to its average volume of 1,783. The firm has a market cap of $79.36 million, a price-to-earnings ratio of -1,541.00 and a beta of -0.39. Canterbury Park has a fifty-two week low of $14.39 and a fifty-two week high of $17.95. The business has a 50 day moving average of $15.73 and a two-hundred day moving average of $15.66.

Canterbury Park Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors 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 annualized dividend and a dividend yield of 1.8%. Canterbury Park’s payout ratio is currently -2,800.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Canterbury Park stock. Bank of America Corp DE grew its stake in Canterbury Park Holding Corporation (NASDAQ:CPHC) by 142.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.