Zacks Research upgraded shares of Escalade (NASDAQ:ESCA – Free Report) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks.com reports.
ESCA has been the topic of a number of other reports. Wall Street Zen lowered Escalade from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Escalade in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Escalade presently has an average rating of “Hold”.
View Our Latest Analysis on Escalade
Escalade Trading Down 0.8%
Escalade (NASDAQ:ESCA – Get Free Report) last posted 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 firm had revenue of $54.33 million during the quarter, compared to analyst estimates of $60.03 million. Escalade had a net margin of 5.30% and a return on equity of 6.86%. As a group, analysts predict that Escalade will post 0.93 earnings per share for the current year.
Escalade Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Monday, October 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.60 annualized dividend and a yield of 5.1%. Escalade’s payout ratio is currently 65.93%.
Insider Buying and Selling at Escalade
In other news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $12.29, for a total transaction of $58,992.00. Following the sale, the director directly owned 110,394 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Insiders own 28.75% of the company’s stock.
Institutional Investors Weigh In On Escalade
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Escalade during the second quarter worth about $29,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Escalade during the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its holdings in shares of Escalade by 439.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company’s stock worth $51,000 after acquiring an additional 2,950 shares during the period. GAMMA Investing LLC increased its stake in Escalade by 27,223.8% in the first quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock valued at $88,000 after acquiring an additional 5,717 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Escalade during the first quarter valued at approximately $224,000. Institutional investors own 65.22% of the company’s stock.
About Escalade
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.
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