Goldman Sachs Group Inc. Has $245,000 Stock Position in Escalade, Incorporated $ESCA

Goldman Sachs Group Inc. cut its holdings in shares of Escalade, Incorporated (NASDAQ:ESCA) by 41.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,020 shares of the company’s stock after selling 11,541 shares during the period. Goldman Sachs Group Inc. owned 0.12% of Escalade worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Escalade by 27,223.8% during the first quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $88,000 after buying an additional 5,717 shares during the last quarter. Deutsche Bank AG raised its position in shares of Escalade by 149.7% during the 4th quarter. Deutsche Bank AG now owns 13,221 shares of the company’s stock valued at $189,000 after acquiring an additional 7,927 shares during the last quarter. Nuveen LLC bought a new stake in shares of Escalade during the 1st quarter valued at $224,000. Bank of America Corp DE lifted its stake in shares of Escalade by 17.0% in the 4th quarter. Bank of America Corp DE now owns 17,269 shares of the company’s stock valued at $247,000 after purchasing an additional 2,510 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of Escalade in the 1st quarter worth $305,000. Institutional investors own 65.22% of the company’s stock.

Escalade Price Performance

Shares of ESCA opened at $12.83 on Monday. The stock has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $13.92. Escalade, Incorporated has a 52-week low of $11.74 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.79 and a current ratio of 4.15. The firm has a market capitalization of $177.05 million, a PE ratio of 14.10 and a beta of 0.67.

Escalade (NASDAQ:ESCA) last announced its earnings results on Friday, August 1st. The company reported $0.13 EPS 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%. Sell-side analysts predict that Escalade, Incorporated will post 0.93 EPS for the current fiscal year.

Escalade Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Escalade news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $12.29, for a total transaction of $58,992.00. Following the completion of the transaction, the director owned 110,394 shares in the company, valued at approximately $1,356,742.26. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.75% 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.