Canterbury Park Holding Corporation (NASDAQ:CPHC - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.71 and traded as low as $15.68. Canterbury Park shares last traded at $15.8160, with a volume of 585 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Canterbury Park from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Canterbury Park has a consensus rating of "Sell".
Get Our Latest Analysis on CPHC
Canterbury Park Trading Up 0.9%
The stock's 50-day moving average price is $15.69 and its 200-day moving average price is $15.71. The company has a market capitalization of $81.93 million, a P/E ratio of 790.80 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 for the quarter. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.The business had revenue of $16.17 million for the quarter.
Canterbury Park Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Canterbury Park's dividend payout ratio (DPR) is 1,400.00%.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Canterbury Park stock. BlackRock Inc. acquired a new position in shares of Canterbury Park Holding Corporation (NASDAQ:CPHC - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,546 shares of the company's stock, valued at approximately $166,000. BlackRock Inc. owned about 0.20% of Canterbury Park at the end of the most recent reporting period. 76.37% of the stock is owned by hedge funds and other institutional investors.
About Canterbury Park
(
Get Free Report)
Canterbury Park Holding Corporation owns and operates Canterbury Park, a horse-racing and entertainment complex in Shakopee, Minnesota. The facility hosts live thoroughbred and quarter-horse racing during its seasonal racing calendar and offers pari-mutuel wagering, simulcast racing, and related racing activities.
In addition to horse racing, Canterbury Park provides card gaming, dining, special events, concerts, and other entertainment offerings. Its event facilities are used for corporate functions, weddings, festivals, and community gatherings.
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