Canterbury Park (NASDAQ:CPHC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Canterbury Park Holding Corporation (NASDAQ:CPHC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.65 and traded as high as $15.91. Canterbury Park shares last traded at $15.48, with a volume of 1,321 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Canterbury Park Trading Down 0.5%

The firm has a market capitalization of $79.83 million, a price-to-earnings ratio of -1,550.00 and a beta of -0.39. The company has a 50-day moving average of $15.81 and a 200-day moving average of $15.65.

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

Canterbury Park Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Canterbury Park’s payout ratio is -2,800.00%.

Institutional Investors Weigh In On Canterbury Park

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC lifted its holdings in Canterbury Park by 0.8% in the fourth 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. Bank of America Corp DE boosted its stake in Canterbury Park by 142.2% in the second quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock valued at $49,000 after acquiring an additional 1,536 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Canterbury Park by 0.5% during the first 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 during the last quarter. 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.