Escalade, Incorporated (NASDAQ:ESCA) CEO David L. Fetherman sold 9,250 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $12.11, for a total value of $112,017.50. Following the completion of the sale, the chief executive officer now directly owns 102,729 shares in the company, valued at $1,244,048.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Escalade, Incorporated (ESCA) opened at 12.40 on Friday. The stock has a market capitalization of $178.11 million, a PE ratio of 15.92 and a beta of 0.10. The company has a 50-day moving average price of $12.14 and a 200 day moving average price of $12.57. Escalade, Incorporated has a 52 week low of $11.30 and a 52 week high of $14.70.
Escalade, (NASDAQ:ESCA) last released its quarterly earnings data on Monday, July 31st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). The firm had revenue of $52.39 million for the quarter, compared to analysts’ expectations of $45.60 million. Escalade, had a return on equity of 10.95% and a net margin of 6.67%. Equities analysts forecast that Escalade, Incorporated will post $0.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.46 annualized dividend and a yield of 3.71%. Escalade,’s payout ratio is currently 58.23%.
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Several brokerages recently weighed in on ESCA. Zacks Investment Research raised Escalade, from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet raised Escalade, from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine cut Escalade, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Escalade, by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock worth $182,000 after purchasing an additional 647 shares during the period. Vanguard Group Inc. increased its holdings in Escalade, by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 317,308 shares of the company’s stock worth $4,157,000 after purchasing an additional 890 shares during the period. Strs Ohio increased its holdings in Escalade, by 5.8% during the 2nd quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after purchasing an additional 1,100 shares during the period. Teachers Advisors LLC increased its holdings in Escalade, by 18.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock worth $220,000 after purchasing an additional 2,586 shares during the period. Finally, Northern Trust Corp increased its holdings in Escalade, by 7.2% during the 2nd quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock worth $1,693,000 after purchasing an additional 8,726 shares during the period. Institutional investors own 26.46% of the company’s stock.
Escalade, Company Profile
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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