Canterbury Park (NASDAQ:CPHC) Issues Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) announced its earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Canterbury Park had a negative return on equity of 0.63% and a negative net margin of 0.89%.

Canterbury Park Stock Performance

Shares of Canterbury Park stock opened at $15.66 on Tuesday. The business has a 50-day simple moving average of $15.58 and a 200-day simple moving average of $15.50. Canterbury Park has a one year low of $14.39 and a one year high of $21.61. The company has a market cap of $80.65 million, a PE ratio of -156.60 and a beta of -0.39.

Canterbury Park Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Canterbury Park’s dividend payout ratio (DPR) is presently -280.00%.

Institutional Investors Weigh In On Canterbury Park

A hedge fund recently raised its stake in Canterbury Park stock. Bank of America Corp DE lifted its position in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) by 142.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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