Escalade, Inc. (NASDAQ:ESCA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.47 and traded as high as $18.74. Escalade shares last traded at $18.34, with a volume of 30,670 shares.
A number of brokerages have weighed in on ESCA. TheStreet raised shares of Escalade from a “c+” rating to a “b+” rating in a report on Friday, August 21st. Aegis started coverage on shares of Escalade in a report on Wednesday, September 9th. They set a “buy” rating and a $25.00 target price for the company.
The business has a 50-day moving average price of $17.50 and a 200-day moving average price of $11.47. The company has a market capitalization of $259.58 million, a price-to-earnings ratio of 16.52 and a beta of 1.33.
Escalade (NASDAQ:ESCA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.61 earnings per share for the quarter. Escalade had a return on equity of 12.37% and a net margin of 7.39%. The firm had revenue of $83.52 million for the quarter. Equities research analysts predict that Escalade, Inc. will post 1.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.05%. This is a boost from Escalade’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, September 11th. Escalade’s payout ratio is presently 112.00%.
In other Escalade news, major shareholder Robert E. Griffin acquired 5,783 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were purchased at an average price of $12.49 per share, with a total value of $72,229.67. Following the completion of the transaction, the insider now owns 644,673 shares in the company, valued at $8,051,965.77. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Walter P. Jr. Glazer bought 14,112 shares of Escalade stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $11.78 per share, with a total value of $166,239.36. Following the completion of the purchase, the director now directly owns 199,075 shares of the company’s stock, valued at $2,345,103.50. The disclosure for this purchase can be found here. Insiders own 20.74% of the company’s stock.
A number of large investors have recently modified their holdings of ESCA. Strs Ohio raised its holdings in Escalade by 8.7% during the second quarter. Strs Ohio now owns 18,700 shares of the company’s stock valued at $261,000 after buying an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Escalade by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,772 shares of the company’s stock valued at $94,000 after acquiring an additional 2,085 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Escalade by 23.2% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 16,975 shares of the company’s stock valued at $101,000 after acquiring an additional 3,200 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Escalade by 94.4% in the 1st quarter. Verus Capital Partners LLC now owns 8,871 shares of the company’s stock worth $53,000 after purchasing an additional 4,307 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Escalade by 29.7% during the first quarter. Rhumbline Advisers now owns 21,535 shares of the company’s stock worth $128,000 after purchasing an additional 4,936 shares during the period. Hedge funds and other institutional investors own 29.43% of the company’s stock.
About Escalade (NASDAQ:ESCA)
Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
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