Canterbury Park Holding Corp (NASDAQ:CPHC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 300 shares, a decrease of 57.1% from the August 30th total of 700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 0.1 days.
Separately, TheStreet lowered shares of Canterbury Park from a “b” rating to a “c+” rating in a research report on Wednesday, July 3rd.
Shares of NASDAQ:CPHC traded up $0.04 on Friday, reaching $12.35. 147 shares of the company’s stock were exchanged, compared to its average volume of 1,686. The company has a fifty day moving average of $12.26 and a 200-day moving average of $13.05. Canterbury Park has a twelve month low of $11.83 and a twelve month high of $17.00. The company has a market capitalization of $56.69 million, a price-to-earnings ratio of 17.85 and a beta of 0.59.
Canterbury Park (NASDAQ:CPHC) last announced its earnings results on Tuesday, August 13th. The company reported $0.21 earnings per share (EPS) for the quarter. Canterbury Park had a net margin of 8.59% and a return on equity of 6.77%. The firm had revenue of $16.43 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.27%.
Several institutional investors have recently modified their holdings of CPHC. Punch & Associates Investment Management Inc. lifted its holdings in shares of Canterbury Park by 11.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 20,000 shares of the company’s stock worth $290,000 after acquiring an additional 2,000 shares during the period. BlackRock Inc. lifted its holdings in shares of Canterbury Park by 3,352.7% during the 2nd quarter. BlackRock Inc. now owns 35,874 shares of the company’s stock worth $442,000 after acquiring an additional 34,835 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Canterbury Park by 11.6% during the 2nd quarter. Vanguard Group Inc. now owns 39,530 shares of the company’s stock worth $488,000 after acquiring an additional 4,100 shares during the period. Teton Advisors Inc. lifted its holdings in shares of Canterbury Park by 8.2% during the 2nd quarter. Teton Advisors Inc. now owns 178,377 shares of the company’s stock worth $2,201,000 after acquiring an additional 13,507 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Canterbury Park by 0.5% during the 2nd quarter. Gabelli Funds LLC now owns 204,000 shares of the company’s stock worth $2,517,000 after acquiring an additional 1,000 shares during the period. 28.89% of the stock is owned by institutional investors.
Canterbury Park Company Profile
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.
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