Escalade, Incorporated (NASDAQ:ESCA) Declares Quarterly Dividend of $0.15

Key Points

• Escalade, Incorporated has declared a quarterly dividend of $0.15 per share, payable on October 13th to investors of record as of October 6th, reflecting a 5.0% dividend yield.
• The company reported $0.13 EPS for the quarter, missing analysts' expectations of $0.23 EPS, with revenues of $54.33 million against a consensus estimate of $60.03 million.
• Escalade's stock opened at $12.10 with a market capitalization of $166.79 million, showing strong fundamentals with a debt-to-equity ratio of 0.10.

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) announced a quarterly dividend on Friday, August 1st, RTT News reports. Stockholders of record on Monday, October 6th will be paid a dividend of 0.15 per share on Monday, October 13th. This represents a c) annualized dividend and a dividend yield of 5.1%.

Escalade Price Performance

Shares of NASDAQ ESCA traded down $0.51 during midday trading on Friday, reaching $11.78. 23,105 shares of the company traded hands, compared to its average volume of 18,133. Escalade has a 12 month low of $11.76 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.67 and a current ratio of 4.05. The stock's 50-day simple moving average is $13.86 and its 200-day simple moving average is $14.65. The firm has a market cap of $162.45 million, a PE ratio of 14.37 and a beta of 0.74.

Escalade (NASDAQ:ESCA - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). The company 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 6.85%. As a group, equities analysts anticipate that Escalade will post 0.93 earnings per share for the current fiscal year.

Insider Activity at Escalade

In other news, CFO Stephen Wawrin sold 2,177 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.16, for a total transaction of $33,003.32. Following the transaction, the chief financial officer directly owned 43,000 shares of the company's stock, valued at approximately $651,880. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 28.75% of the company's stock.

Institutional Trading of Escalade

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in shares of Escalade by 250.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $33,000 after purchasing an additional 1,635 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Escalade by 27,223.8% in the 1st quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock valued at $88,000 after buying an additional 5,717 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Escalade by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company's stock valued at $98,000 after buying an additional 1,278 shares during the period. Renaissance Technologies LLC increased its stake in shares of Escalade by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 12,430 shares of the company's stock valued at $178,000 after buying an additional 800 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Escalade by 149.7% during the fourth quarter. Deutsche Bank AG now owns 13,221 shares of the company's stock worth $189,000 after acquiring an additional 7,927 shares during the last quarter. Institutional investors own 65.22% 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.