Canterbury Park (NASDAQ:CPHC) Posts Quarterly Earnings Results

Canterbury Park (NASDAQ:CPHC) announced its earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Canterbury Park had a negative net margin of 0.89% and a negative return on equity of 0.63%.

Canterbury Park Stock Down 1.0%

NASDAQ:CPHC traded down $0.16 during mid-day trading on Monday, hitting $15.66. 586 shares of the stock traded hands, compared to its average volume of 1,566. The stock has a market capitalization of $80.65 million, a price-to-earnings ratio of -156.60 and a beta of -0.39. Canterbury Park has a 52 week low of $14.39 and a 52 week high of $21.61. The firm’s 50 day moving average is $15.58 and its two-hundred day moving average is $15.50.

Canterbury Park Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Canterbury Park’s dividend payout ratio is presently -280.00%.

Hedge Funds Weigh In On Canterbury Park

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

Analyst Ratings Changes

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

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.