Canterbury Park (NASDAQ:CPHC) Shares Cross Above 200 Day Moving Average – Here’s Why

Canterbury Park Holding Corporation (NASDAQ:CPHC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.48 and traded as high as $15.98. Canterbury Park shares last traded at $15.71, with a volume of 2,472 shares.

Analyst Ratings Changes

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

Canterbury Park Price Performance

The stock has a market cap of $80.71 million, a P/E ratio of -1,567.20 and a beta of -0.39. The company’s 50 day simple moving average is $15.65 and its 200 day simple moving average is $15.49.

Canterbury Park (NASDAQ:CPHC) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%. The company had revenue of $13.51 million during the quarter.

Canterbury Park Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.28 annualized dividend and a yield of 1.8%. Canterbury Park’s dividend payout ratio is presently -2,800.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Canterbury Park by 142.2% during the second quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock worth $49,000 after purchasing an additional 1,536 shares during the last quarter. Gabelli Funds LLC lifted its stake in Canterbury Park by 0.8% in the fourth quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock valued at $3,003,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Canterbury Park by 0.5% in the first quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock valued at $5,852,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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.