Escalade (NASDAQ:ESCA) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Escalade (NASDAQ:ESCA) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Escalade Trading Down 1.2 %

NASDAQ:ESCA opened at $12.76 on Monday. The company has a market cap of $176.85 million, a P/E ratio of 17.97 and a beta of 1.21. Escalade has a 1 year low of $11.42 and a 1 year high of $22.01. The stock’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $17.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.41 and a quick ratio of 1.63.

Escalade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.70%. Escalade’s payout ratio is currently 84.51%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC bought a new position in shares of Escalade in the second quarter worth $27,000. Citigroup Inc. bought a new position in Escalade in the second quarter valued at $40,000. Denali Advisors LLC bought a new position in Escalade in the third quarter valued at $47,000. California State Teachers Retirement System bought a new position in Escalade in the second quarter valued at $44,000. Finally, BNP Paribas Financial Markets increased its stake in Escalade by 148.9% in the fourth quarter. BNP Paribas Financial Markets now owns 3,348 shares of the company’s stock valued at $67,000 after acquiring an additional 2,003 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

Escalade Company Profile

Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.