News coverage about Speedway Motorsports (NYSE:TRK) has been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Speedway Motorsports earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.5330838877129 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- 2+ Miles Of Lights At The New Hampshire Motor Speedway: Watch (patch.com)
- Bruton Smith, Renowned Track Owner And Innovator, Receives 2017 NASCAR Buddy Shuman Award (aftermarketnews.com)
- Race into history at the Indianapolis Motor Speedway Museum (siouxcityjournal.com)
- Speedway Motorsports recognizes year’s best at annual awards ceremony (espn.com)
Shares of Speedway Motorsports (NYSE TRK) opened at $19.37 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.42 and a quick ratio of 1.33. The stock has a market capitalization of $793.55, a PE ratio of 20.83, a P/E/G ratio of -5.69 and a beta of 0.87. Speedway Motorsports has a 1 year low of $16.80 and a 1 year high of $23.47.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Thursday, November 9th. Speedway Motorsports’s dividend payout ratio (DPR) is 70.59%.
Several research firms have recently issued reports on TRK. Zacks Investment Research cut Speedway Motorsports from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. TheStreet cut Speedway Motorsports from a “b” rating to a “c+” rating in a research report on Wednesday, October 25th.
In other news, Director Mark M. Gambill sold 12,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $20.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 40,428 shares of the company’s stock, valued at approximately $808,560. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 72.00% of the company’s stock.
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About Speedway Motorsports
Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.
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