Short Interest in Canterbury Park Holding Corp (NASDAQ:CPHC) Grows By 28.6%

Canterbury Park Holding Corp (NASDAQ:CPHC) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 900 shares, an increase of 28.6% from the May 30th total of 700 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Separately, TheStreet upgraded shares of Marvell Technology Group from a “c+” rating to a “b-” rating in a research note on Wednesday, July 3rd.

In related news, Director Dale H. Schenian acquired 3,400 shares of Canterbury Park stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $44,064.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders purchased 5,500 shares of company stock worth $70,804. 46.30% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. increased its stake in Canterbury Park by 11.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 20,000 shares of the company’s stock worth $290,000 after purchasing an additional 2,000 shares during the period. Bremer Bank National Association purchased a new stake in Canterbury Park during the first quarter worth about $726,000. Finally, Teton Advisors Inc. grew its position in shares of Canterbury Park by 0.5% during the first quarter. Teton Advisors Inc. now owns 164,870 shares of the company’s stock worth $2,394,000 after buying an additional 770 shares in the last quarter. Institutional investors own 28.92% of the company’s stock.

NASDAQ:CPHC traded down $0.14 on Friday, reaching $12.17. 34,448 shares of the company’s stock were exchanged, compared to its average volume of 3,549. The stock has a market cap of $55.83 million, a price-to-earnings ratio of 19.02 and a beta of 0.62. The business has a fifty day simple moving average of $12.77. Canterbury Park has a 52-week low of $12.00 and a 52-week high of $17.00.

Canterbury Park (NASDAQ:CPHC) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $11.59 million for the quarter. Canterbury Park had a net margin of 8.18% and a return on equity of 6.45%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.30%.

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.

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