Nuveen LLC Purchases New Position in Escalade, Incorporated $ESCA

Nuveen LLC purchased a new stake in Escalade, Incorporated (NASDAQ:ESCA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,629 shares of the company’s stock, valued at approximately $224,000. Nuveen LLC owned approximately 0.11% of Escalade as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group purchased a new stake in Escalade during the 1st quarter worth approximately $4,731,000. Ritholtz Wealth Management purchased a new stake in Escalade during the 1st quarter worth approximately $305,000. GAMMA Investing LLC increased its stake in Escalade by 27,223.8% during the 1st quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $88,000 after buying an additional 5,717 shares in the last quarter. Deutsche Bank AG increased its stake in Escalade by 149.7% during the 4th quarter. Deutsche Bank AG now owns 13,221 shares of the company’s stock worth $189,000 after buying an additional 7,927 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Escalade by 17.0% during the 4th quarter. Bank of America Corp DE now owns 17,269 shares of the company’s stock worth $247,000 after buying an additional 2,510 shares in the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Escalade from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th.

Escalade Trading Up 0.7%

Shares of Escalade stock opened at $12.86 on Friday. The stock has a market cap of $177.47 million, a P/E ratio of 14.13 and a beta of 0.67. The stock’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $14.20. Escalade, Incorporated has a 1-year low of $11.74 and a 1-year high of $16.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.15 and a quick ratio of 1.79.

Escalade (NASDAQ:ESCA) last issued its earnings results on Friday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company had revenue of $54.33 million for the quarter, compared to analyst estimates of $60.03 million. Escalade had a return on equity of 6.86% and a net margin of 5.30%. Analysts predict that Escalade, Incorporated will post 0.93 EPS for the current fiscal year.

Escalade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, October 6th. Escalade’s payout ratio is currently 65.93%.

Escalade 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.