Canterbury Park (NASDAQ:CPHC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Canterbury Park Holding Corporation (NASDAQ:CPHC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.48 and traded as high as $15.98. Canterbury Park shares last traded at $15.71, with a volume of 2,472 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Canterbury Park in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Canterbury Park Trading Down 0.3%

The stock has a fifty day moving average price of $15.65 and a 200-day moving average price of $15.48. The firm has a market capitalization of $80.91 million, a price-to-earnings ratio of -1,571.00 and a beta of -0.39.

Canterbury Park (NASDAQ:CPHC) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter. Canterbury Park had a negative return on equity of 0.07% and a negative net margin of 0.10%.The business had revenue of $13.51 million during the quarter.

Canterbury Park Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Canterbury Park’s dividend payout ratio is presently -2,800.00%.

Institutional Investors Weigh In On Canterbury Park

A number of hedge funds and other institutional investors have recently bought and sold shares of CPHC. Bank of America Corp DE increased its holdings in Canterbury Park by 142.2% during the 2nd quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock valued at $49,000 after purchasing an additional 1,536 shares in the last quarter. Gabelli Funds LLC increased its holdings in Canterbury Park by 0.8% during the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock valued at $3,003,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Canterbury Park by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock valued at $5,852,000 after purchasing an additional 2,000 shares in the last quarter. 76.37% of the stock is 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.