Canterbury Park Holding Corporation (NASDAQ:CPHC) Sees Significant Increase in Short Interest

Canterbury Park Holding Corporation (NASDAQ:CPHC) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 5,915 shares, a growth of 129.7% from the August 15th total of 2,575 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,194 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Canterbury Park from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Canterbury Park during the second quarter worth about $166,000. Gamco Investors INC. ET AL boosted 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. Finally, Gabelli Funds LLC grew its position in shares of Canterbury Park by 0.8% during the 4th 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 period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Canterbury Park Stock Performance

Shares of CPHC stock opened at $15.76 on Wednesday. The company has a market capitalization of $81.64 million, a price-to-earnings ratio of 788.00 and a beta of -0.39. Canterbury Park has a 52-week low of $14.39 and a 52-week high of $17.43. The company has a 50-day simple moving average of $15.71 and a two-hundred day simple moving average of $15.70.

Canterbury Park (NASDAQ:CPHC) last posted its earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.The firm had revenue of $16.17 million for the quarter.

Canterbury Park Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Canterbury Park’s dividend payout ratio (DPR) is presently 1,400.00%.

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.