Shares of Speedway Motorsports, Inc. (NYSE:TRK) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.65 and last traded at $14.80, with a volume of 41776 shares. The stock had previously closed at $14.87.

TRK has been the subject of a number of recent analyst reports. ValuEngine downgraded Speedway Motorsports from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. TheStreet raised Speedway Motorsports from a “c+” rating to a “b” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded Speedway Motorsports from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

The firm has a market capitalization of $628.87 million, a PE ratio of 14.81, a PEG ratio of -7.41 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.61.

Speedway Motorsports (NYSE:TRK) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.04). Speedway Motorsports had a return on equity of 4.42% and a net margin of 8.94%. The business had revenue of $56.36 million for the quarter. On average, analysts predict that Speedway Motorsports, Inc. will post 1.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, February 28th. Speedway Motorsports’s dividend payout ratio (DPR) is currently 60.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. increased its position in shares of Speedway Motorsports by 1.5% during the fourth quarter. Prudential Financial Inc. now owns 75,135 shares of the company’s stock worth $1,222,000 after purchasing an additional 1,111 shares in the last quarter. Meeder Asset Management Inc. increased its position in Speedway Motorsports by 186.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,827 shares of the company’s stock valued at $30,000 after acquiring an additional 1,190 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Speedway Motorsports by 5.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,625 shares of the company’s stock valued at $401,000 after acquiring an additional 1,300 shares during the period. Millennium Management LLC increased its position in Speedway Motorsports by 4.4% in the 4th quarter. Millennium Management LLC now owns 32,078 shares of the company’s stock valued at $522,000 after acquiring an additional 1,362 shares during the period. Finally, Northern Trust Corp increased its position in Speedway Motorsports by 1.2% in the 4th quarter. Northern Trust Corp now owns 177,987 shares of the company’s stock valued at $2,896,000 after acquiring an additional 2,097 shares during the period. Institutional investors and hedge funds own 21.83% of the company’s stock.

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About Speedway Motorsports (NYSE:TRK)

Speedway Motorsports, Inc, through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities.

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