Canterbury Park Holding Corp (NASDAQ:CPHC) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 300 shares, a decline of 57.1% from the August 30th total of 700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is presently 0.1 days.
Separately, TheStreet downgraded Canterbury Park from a “b” rating to a “c+” rating in a research note on Wednesday, July 3rd.
Shares of NASDAQ CPHC traded up $0.04 during midday trading on Friday, reaching $12.35. The company’s stock had a trading volume of 147 shares, compared to its average volume of 1,686. Canterbury Park has a 12-month low of $11.83 and a 12-month high of $17.00. The firm has a 50 day moving average price of $12.26 and a 200-day moving average price of $13.05. The stock has a market capitalization of $56.69 million, a P/E ratio of 17.85 and a beta of 0.59.
Canterbury Park (NASDAQ:CPHC) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.21 EPS for the quarter. Canterbury Park had a return on equity of 6.77% and a net margin of 8.59%. The business had revenue of $16.43 million for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.07 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.28 annualized dividend and a yield of 2.27%.
Institutional investors have recently bought and sold shares of the stock. Black Diamond Capital Management L.L.C. lifted its stake in Canterbury Park by 0.7% in the second quarter. Black Diamond Capital Management L.L.C. now owns 215,122 shares of the company’s stock valued at $2,655,000 after purchasing an additional 1,568 shares during the last quarter. Teton Advisors Inc. lifted its stake in Canterbury Park by 8.2% in the second quarter. Teton Advisors Inc. now owns 178,377 shares of the company’s stock valued at $2,201,000 after purchasing an additional 13,507 shares during the last quarter. Gabelli Funds LLC lifted its stake in Canterbury Park by 0.5% in the second quarter. Gabelli Funds LLC now owns 204,000 shares of the company’s stock valued at $2,517,000 after purchasing an additional 1,000 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Canterbury Park by 11.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 20,000 shares of the company’s stock valued at $290,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Canterbury Park by 11.6% in the second quarter. Vanguard Group Inc. now owns 39,530 shares of the company’s stock valued at $488,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 28.89% of the company’s stock.
About Canterbury Park
Canterbury Park Holding Corporation hosts pari-mutuel wagering on horse races and unbanked card games at its Canterbury park racetrack and card casino facility in Shakopee, Minnesota. The company operates through four segments: Horse Racing, Card Casino, Food and Beverage, and Development. The Horse Racing segment operates year-round simulcasting of horse races and wagering on live thoroughbred; and quarter horse races on a seasonal basis.
See Also: Cash Flow
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