Escalade (NASDAQ:ESCA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Escalade (NASDAQ:ESCA) from a buy rating to a hold rating in a report issued on Friday morning.

Escalade Trading Down 4.3 %

NASDAQ ESCA opened at $14.31 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.60 and a quick ratio of 1.74. The stock has a market capitalization of $198.34 million, a P/E ratio of 15.73 and a beta of 1.24. The firm’s 50-day moving average is $13.66 and its two-hundred day moving average is $14.40. Escalade has a 12 month low of $12.34 and a 12 month high of $22.01.

Escalade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, October 7th will be issued a $0.15 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.60 annualized dividend and a yield of 4.19%. Escalade’s dividend payout ratio (DPR) is presently 65.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in Escalade by 13.8% during the 4th quarter. Ritholtz Wealth Management now owns 16,940 shares of the company’s stock worth $340,000 after acquiring an additional 2,056 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Escalade during the fourth quarter worth about $118,000. Janney Montgomery Scott LLC boosted its stake in shares of Escalade by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock valued at $343,000 after purchasing an additional 1,330 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Escalade by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after purchasing an additional 2,033 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Escalade by 40.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after buying an additional 1,340 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

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.