Canterbury Park Holding Corporation (NASDAQ:CPHC) Plans Quarterly Dividend of $0.07

Canterbury Park Holding Corporation (NASDAQ:CPHC) announced a quarterly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.07 per share on Tuesday, July 14th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Canterbury Park Trading Up 7.3%

Shares of NASDAQ CPHC opened at $16.84 on Friday. The company has a market capitalization of $86.73 million, a price-to-earnings ratio of -1,684.00 and a beta of -0.39. Canterbury Park has a twelve month low of $14.39 and a twelve month high of $21.61. The business has a 50 day simple moving average of $15.79 and a 200-day simple moving average of $15.55.

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

Hedge Funds Weigh In On Canterbury Park

Several large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its stake in shares of Canterbury Park by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock worth $5,852,000 after acquiring an additional 2,000 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Canterbury Park by 0.8% in the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock worth $3,003,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Canterbury Park by 142.2% during the second quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock worth $49,000 after purchasing an additional 1,536 shares during the period. Institutional investors own 76.37% of the company’s stock.

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.