Canterbury Park Holding Corporation (NASDAQ:CPHC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.68 and traded as high as $15.95. Canterbury Park shares last traded at $15.90, with a volume of 2,387 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Canterbury Park from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".
Read Our Latest Report on CPHC
Canterbury Park Stock Performance
The company's 50-day moving average price is $15.74 and its 200 day moving average price is $15.68. The stock has a market capitalization of $82.36 million, a P/E ratio of 795.00 and a beta of -0.39.
Canterbury Park (NASDAQ:CPHC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $16.17 million during the quarter. Canterbury Park had a return on equity of 0.14% and a net margin of 0.20%.
Canterbury Park Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park's dividend payout ratio is 1,400.00%.
Institutional Trading of Canterbury Park
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPHC. BlackRock Inc. bought a new position in Canterbury Park in the 2nd quarter worth approximately $166,000. Bank of America Corp DE raised its position in shares of Canterbury Park by 142.2% during the second quarter. Bank of America Corp DE now owns 2,616 shares of the company's stock valued at $49,000 after buying an additional 1,536 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Canterbury Park by 0.5% in the first quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company's stock worth $5,852,000 after buying an additional 2,000 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Canterbury Park by 0.8% during the fourth quarter. Gabelli Funds LLC now owns 195,000 shares of the company's stock worth $3,003,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 76.37% of the company's stock.
Canterbury Park Company Profile
(
Get Free Report)
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.
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