Canterbury Park (NASDAQ:CPHC) Shares Break Below 200-Day Moving Average - Here's What Happened

Key Points

• Canterbury Park shares fell below their 200-day moving average, reaching $15.58 before closing at $15.66, down 0.4% on the day. The stock’s consensus analyst rating is “Sell,” following a downgrade by Weiss Ratings.
• The company reported a quarterly loss of $0.03 per share on $16.17 million in revenue, with a net margin of 0.20% and return on equity of 0.14%.
• Canterbury Park paid a quarterly dividend of $0.07 per share, equivalent to a 1.8% annual yield, while institutional investors own approximately 76.37% of the company.

Canterbury Park Holding Corporation (NASDAQ:CPHC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.68 and traded as low as $15.58. Canterbury Park shares last traded at $15.66, with a volume of 1,457 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered 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. Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Canterbury Park Trading Down 0.4%

The business's 50 day moving average is $15.77 and its two-hundred day moving average is $15.68. The company has a market cap of $81.12 million, a PE ratio of 783.00 and a beta of -0.40.

Canterbury Park (NASDAQ:CPHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $16.17 million for the quarter. Canterbury Park had a net margin of 0.20% and a return on equity of 0.14%.

Canterbury Park Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 30th. Canterbury Park's dividend payout ratio is presently 1,400.00%.

Institutional Trading of Canterbury Park

An institutional investor recently raised its position in Canterbury Park stock. Gamco Investors INC. ET AL increased its stake in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,393 shares of the company's stock after purchasing an additional 2,000 shares during the quarter. Gamco Investors INC. ET AL owned approximately 7.29% of Canterbury Park worth $5,852,000 as of its most recent SEC filing. Institutional investors and hedge funds own 76.37% of the company's stock.

About Canterbury Park

Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse racing and entertainment facility in Shakopee, Minnesota, serving the Minneapolis–Saint Paul metropolitan area. The property hosts live Thoroughbred and Quarter Horse racing during its seasonal race meet and offers year-round pari-mutuel wagering on races held at tracks elsewhere.

In addition to racing, Canterbury Park operates a card casino offering poker and other authorized card games. Its broader entertainment activities include dining, special events, concerts, corporate gatherings and other hospitality services.

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