Escalade, Incorporated (NASDAQ:ESCA) Short Interest Update

Escalade, Incorporated (NASDAQ:ESCA – Get Rating) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 70,400 shares, a decline of 6.6% from the February 13th total of 75,400 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.8% of the shares of the company are sold short.

Escalade Stock Performance

NASDAQ:ESCA opened at $12.88 on Wednesday. The company has a current ratio of 4.83, a quick ratio of 1.70 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $175.30 million, a PE ratio of 9.68 and a beta of 1.12. The firm’s 50 day moving average is $12.45 and its 200 day moving average is $11.16. Escalade has a 12 month low of $9.25 and a 12 month high of $14.69.

Escalade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Monday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, March 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.66%. Escalade’s dividend payout ratio (DPR) is currently 45.11%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its position in Escalade by 146.2% in the first quarter. Raymond James & Associates now owns 31,718 shares of the company’s stock worth $419,000 after acquiring an additional 18,834 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Escalade by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 144,703 shares of the company’s stock worth $1,910,000 after purchasing an additional 1,045 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Escalade by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 478,109 shares of the company’s stock worth $6,312,000 after purchasing an additional 16,186 shares during the last quarter. Vanguard Group Inc. lifted its stake in Escalade by 3.3% in the first quarter. Vanguard Group Inc. now owns 422,047 shares of the company’s stock worth $5,571,000 after purchasing an additional 13,578 shares during the last quarter. Finally, State Street Corp lifted its stake in Escalade by 1.3% in the first quarter. State Street Corp now owns 171,364 shares of the company’s stock worth $2,262,000 after purchasing an additional 2,249 shares during the last quarter. 22.40% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Company Profile

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Escalade, Inc engages in the manufacture and distribution of sporting goods and recreational equipment. It offers archery, table tennis, basketball, pickleball, play systems, fitness, safety and utility weights, game tables, water sports, darts, and outdoor games equipment. The company was founded in 1922 and is headquartered in Evansville, IN.