Canterbury Park (NASDAQ:CPHC) Releases Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) released its quarterly earnings results on Tuesday. The company reported $0.03 EPS for the quarter, Zacks reports. Canterbury Park had a negative return on equity of 0.07% and a negative net margin of 0.10%.The business had revenue of $13.51 million during the quarter.

Canterbury Park Trading Up 1.3%

CPHC traded up $0.21 on Thursday, hitting $16.14. 1,162 shares of the company were exchanged, compared to its average volume of 1,582. Canterbury Park has a twelve month low of $14.39 and a twelve month high of $21.61. The company has a market cap of $83.10 million, a price-to-earnings ratio of -1,613.50 and a beta of -0.39. The firm has a 50-day moving average price of $15.59 and a two-hundred day moving average price of $15.49.

Canterbury Park Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Canterbury Park’s payout ratio is presently -280.00%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Canterbury Park stock. Bank of America Corp DE increased its stake in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) by 142.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,616 shares of the company’s stock after purchasing an additional 1,536 shares during the quarter. Bank of America Corp DE owned 0.05% of Canterbury Park worth $49,000 at the end of the most recent quarter. Institutional investors own 76.37% of the company’s stock.

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.