Canterbury Park (NASDAQ:CPHC) Stock Passes Above Two Hundred Day Moving Average of $0.00

Canterbury Park Holding Corp (NASDAQ:CPHC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $12.62. Canterbury Park shares last traded at $12.62, with a volume of 5 shares traded.

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

The firm has a market cap of $57.34 million, a price-to-earnings ratio of 19.14 and a beta of 0.63. The business has a 50-day moving average of $12.60.

Canterbury Park (NASDAQ:CPHC) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.01 EPS for the quarter. The firm 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.28 annualized dividend and a dividend yield of 2.24%.

In other news, Director Dale H. Schenian acquired 3,400 shares of the firm’s stock in a transaction dated 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 5,500 shares of company stock worth $70,804 over the last 90 days. Insiders own 46.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in CPHC. Teton Advisors Inc. raised its position in shares of Canterbury Park by 0.5% during the 1st quarter. Teton Advisors Inc. now owns 164,870 shares of the company’s stock valued at $2,394,000 after purchasing an additional 770 shares during the period. Bremer Bank National Association bought a new stake in shares of Canterbury Park during the 1st quarter valued at $726,000. Finally, Punch & Associates Investment Management Inc. raised its position 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 valued at $290,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Canterbury Park Company Profile (NASDAQ:CPHC)

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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