Canterbury Park Holding Corp (CPHC)

Over the past six months, Canterbury Park Holding Corp.'s stock price has been impacted by several events. The company reported its second-quarter 2025 financial results, showing a net loss and decreased revenues and Adjusted EBITDA. Canterbury Park Holding Corp. reported its third-quarter 2025 results, which included a decline in net revenues and a significant drop in net income and diluted earnings per share. The company announced quarterly cash dividends on August 7, 2025, September 10, 2025, and December 15, 2025. The stock has experienced a general decline over the past year, with its 52-week range extending from a low of $14.39 to a high of $21.61. A report suggested that Canterbury Park Holding Corporation was trading below its book value. Short interest in CPHC increased by 110.15% since the prior report.

Demand for Canterbury Park Holding Corp.'s products and services exhibits seasonality. Live horse racing is conducted on a seasonal basis, generally from May to September. Simulcasting of horse races and the Canterbury Park Card Casino operate year-round. The food and beverage segment also provides services during live racing and other events held at the racetrack.

Canterbury Park Holding Corp. is an entertainment and gaming company based in Minnesota, operating in the consumer cyclical sector. Its main activities include hosting pari-mutuel wagering on live and simulcast horse races, operating a card casino, and providing related services. The company's major offerings include the Canterbury Park Card Casino and the Canterbury Commons, a real estate development project.

Canterbury Park Holding Corp. is headquartered in Shakopee, Minnesota, where its primary operations are located. The company also conducts pari-mutuel wagering on horse races simulcast from out-of-state racetracks.

Canterbury Park Holding Corp.'s brand reputation has been indirectly affected by broader industry challenges and regulatory disputes in Minnesota. Turmoil within the Minnesota Racing Commission underscored challenges facing the state's horse racing and breeding industry. This included a dispute over an unsuccessful attempt by the Minnesota Racing Commission in April 2024 to allow Canterbury Park and another track to install historical horse racing gaming terminals to supplement purses. The commission's actions led to legal challenges and a legislative ban on historical horse racing.

The ownership structure of Canterbury Park Holding Corp. is a mix of institutional, retail, and individual investors. Approximately 5.99% to 7.09% of the company's stock is owned by institutional investors, 23.59% by insiders, and a significant portion by public companies and individual investors. Major institutional owners include Black Diamond Capital Management I, LLLP, Black Diamond Capital Management, L.L.C., Gate City Capital Management, Llc, Gamco Investors, Inc. Et Al, EQ ADVISORS TRUST - 1290 VT GAMCO Small Company Value Portfolio Class IB, Gabelli Funds Llc, Vanguard Group Inc, and Dimensional Fund Advisors Lp. Key individual insiders include Randall Sampson (CEO and Chairman) and Curtis Sampson. The estate of Dale H. Schenian is also a significant individual owner.