Canterbury Park (NASDAQ:CPHC) Posts Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) issued its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%. The business had revenue of $16.17 million for the quarter.

Canterbury Park Trading Up 2.0%

Shares of NASDAQ CPHC opened at $15.72 on Wednesday. Canterbury Park has a 1-year low of $14.39 and a 1-year high of $17.95. The company has a market cap of $80.98 million, a PE ratio of -1,572.50 and a beta of -0.39. The company has a 50-day moving average of $15.72 and a two-hundred day moving average of $15.66.

Canterbury Park Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, June 30th. Canterbury Park’s dividend payout ratio (DPR) is presently -2,800.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Canterbury Park

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

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.