Escalade Inc. (ESCA) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “
Shares of Escalade (NASDAQ:ESCA) traded down 3.26% during mid-day trading on Wednesday, hitting $13.35. 9,487 shares of the stock traded hands. The firm’s 50 day moving average price is $12.47 and its 200 day moving average price is $11.48. The firm has a market cap of $190.93 billion, a price-to-earnings ratio of 17.34 and a beta of 0.35. Escalade has a 12-month low of $9.70 and a 12-month high of $13.95.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 12th will be given a $0.11 dividend. The ex-dividend date is Thursday, December 8th. This represents a $0.44 annualized dividend and a yield of 3.19%. Escalade’s dividend payout ratio (DPR) is 57.14%.
A number of hedge funds have recently added to or reduced their stakes in ESCA. Minerva Advisors LLC increased its stake in Escalade by 19.8% in the second quarter. Minerva Advisors LLC now owns 415,960 shares of the company’s stock valued at $4,260,000 after buying an additional 68,738 shares during the period. North Star Investment Management Corp. increased its stake in Escalade by 1.1% in the third quarter. North Star Investment Management Corp. now owns 343,987 shares of the company’s stock valued at $4,389,000 after buying an additional 3,782 shares during the period. Vanguard Group Inc. increased its stake in Escalade by 0.9% in the second quarter. Vanguard Group Inc. now owns 303,389 shares of the company’s stock valued at $3,107,000 after buying an additional 2,794 shares during the period. Grandeur Peak Global Advisors LLC increased its stake in Escalade by 2.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 290,350 shares of the company’s stock valued at $2,973,000 after buying an additional 7,394 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock valued at $2,817,000 after buying an additional 22,650 shares during the period. Hedge funds and other institutional investors own 24.63% of the company’s stock.
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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