Teton Advisors Inc. Increases Stock Position in Canterbury Park Holding Corp (NASDAQ:CPHC)

Teton Advisors Inc. raised its position in shares of Canterbury Park Holding Corp (NASDAQ:CPHC) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,377 shares of the company’s stock after buying an additional 13,507 shares during the period. Teton Advisors Inc. owned about 3.89% of Canterbury Park worth $2,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPHC. Punch & Associates Investment Management Inc. increased its stake in shares of Canterbury Park by 11.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 20,000 shares of the company’s stock worth $290,000 after acquiring an additional 2,000 shares in the last quarter. Bremer Bank National Association purchased a new stake in Canterbury Park during the 1st quarter valued at about $726,000. Finally, Gabelli Funds LLC grew its position in Canterbury Park by 0.5% during the 2nd quarter. Gabelli Funds LLC now owns 204,000 shares of the company’s stock valued at $2,517,000 after purchasing an additional 1,000 shares during the last quarter. 28.98% of the stock is owned by institutional investors and hedge funds.

CPHC stock traded down $0.80 during trading on Monday, hitting $12.10. 2 shares of the stock traded hands, compared to its average volume of 3,266. Canterbury Park Holding Corp has a 1 year low of $11.85 and a 1 year high of $17.00. The firm’s 50 day moving average is $12.41 and its two-hundred day moving average is $13.70. The stock has a market cap of $57.97 million, a price-to-earnings ratio of 18.25 and a beta of 0.61.

Separately, TheStreet downgraded shares of Canterbury Park from a “b” rating to a “c+” rating in a research report on Wednesday, July 3rd.

In other news, Director Dale H. Schenian acquired 3,400 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average cost of $12.96 per share, with a total value of $44,064.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 5,500 shares of company stock worth $70,804 over the last three months. 46.30% of the stock is currently owned by insiders.

Canterbury Park Profile

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.

Further Reading: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for Canterbury Park (NASDAQ:CPHC)

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