Canterbury Park Holding Corporation (NASDAQ:CPHC) Short Interest Update

Canterbury Park Holding Corporation (NASDAQ:CPHC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,241 shares, an increase of 107.8% from the June 15th total of 1,560 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,457 shares, the short-interest ratio is presently 0.9 days.

Canterbury Park Stock Performance

CPHC traded up $0.26 during trading on Wednesday, reaching $16.08. The company’s stock had a trading volume of 1,894 shares, compared to its average volume of 1,785. Canterbury Park has a 52-week low of $14.39 and a 52-week high of $18.99. The company’s fifty day moving average price is $15.83 and its 200-day moving average price is $15.62. The company has a market capitalization of $82.81 million, a price-to-earnings ratio of -1,608.00 and a beta of -0.39.

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

Canterbury Park Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.07 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.28 annualized dividend and a yield of 1.7%. Canterbury Park’s dividend payout ratio is presently -2,800.00%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Canterbury Park

Several institutional investors have recently made changes to their positions in CPHC. Bank of America Corp DE boosted its position in shares of Canterbury Park by 142.2% during the 2nd 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 in the last quarter. Gabelli Funds LLC increased its holdings in shares of Canterbury Park by 0.8% in the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock valued at $3,003,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Canterbury Park by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock valued at $5,852,000 after purchasing an additional 2,000 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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.