Escalade, Incorporated (NASDAQ:ESCA) Shares Will Pay Quarterly Dividend of $0.15

Escalade, Incorporated (NASDAQ:ESCA) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, January 4th will be given a dividend of $0.1525 per share on Monday, January 11th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, January 4th.

Escalade Stock Up 7.9%

Shares of ESCA stock opened at $20.01 on Friday. The stock has a 50-day moving average price of $19.42 and a 200 day moving average price of $18.06. The firm has a market cap of $275.55 million, a price-to-earnings ratio of 11.99 and a beta of 0.52. Escalade has a 12 month low of $11.41 and a 12 month high of $23.07.

Escalade (NASDAQ:ESCA) last issued its earnings results on Thursday, October 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. The company had revenue of $65.61 million for the quarter, compared to analyst estimates of $68.48 million. Escalade had a net margin of 9.46% and a return on equity of 13.11%. Sell-side analysts predict that Escalade will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Escalade news, Director Edward Williams sold 2,373 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $20.99, for a total transaction of $49,809.27. Following the transaction, the director owned 129,452 shares in the company, valued at $2,717,197.48. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Baalmann, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $22.27, for a total value of $111,350.00. Following the transaction, the director directly owned 97,794 shares of the company’s stock, valued at approximately $2,177,872.38. The trade was a 4.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,227 shares of company stock valued at $872,743 over the last 90 days. 33.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ESCA. Royal Bank of Canada raised its holdings in shares of Escalade by 3.4% in the first quarter. Royal Bank of Canada now owns 20,033 shares of the company’s stock valued at $344,000 after purchasing an additional 661 shares during the last quarter. Bank of America Corp DE raised its holdings in Escalade by 13.9% during the 1st quarter. Bank of America Corp DE now owns 10,442 shares of the company’s stock valued at $179,000 after acquiring an additional 1,271 shares during the period. IFP Advisors Inc grew its stake in Escalade by 2,074.4% during the third quarter. IFP Advisors Inc now owns 3,392 shares of the company’s stock valued at $65,000 after acquiring an additional 3,236 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Escalade in the 2nd quarter valued at about $156,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Escalade in the 2nd quarter worth $208,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

About Escalade

Escalade, Inc is a sporting goods manufacturer and distributor headquartered in Evansville, Indiana. The company develops, manufactures and markets products for recreational and competitive sports, with a focus on indoor and outdoor activities.

Its product portfolio includes table tennis equipment, pickleball and other game-related products, archery equipment, darts, billiards, game-room furnishings, and outdoor recreation products. Escalade sells products under a variety of established brands, including STIGA, Onix, Accudart, Victory Tailgate, Harrows and Unicorn, as well as through private-label offerings.

Escalade serves sporting goods retailers, specialty dealers, mass merchants, e-commerce channels and institutional customers in the United States and international markets.