Rehmann Capital Advisory Group Acquires Shares of 309,213 Escalade, Incorporated (NASDAQ:ESCA)

Rehmann Capital Advisory Group acquired a new position in shares of Escalade, Incorporated (NASDAQ:ESCA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 309,213 shares of the company's stock, valued at approximately $4,731,000. Rehmann Capital Advisory Group owned approximately 2.26% of Escalade as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ESCA. Tower Research Capital LLC TRC grew its position in shares of Escalade by 250.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $33,000 after buying an additional 1,635 shares in the last quarter. GAMMA Investing LLC grew its position 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Escalade by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company's stock worth $98,000 after buying an additional 1,278 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Escalade by 6.9% during the fourth quarter. Renaissance Technologies LLC now owns 12,430 shares of the company's stock worth $178,000 after buying an additional 800 shares in the last quarter. Finally, Deutsche Bank AG grew 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 buying an additional 7,927 shares in the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

Escalade Stock Up 0.1%

ESCA stock traded up $0.02 during trading on Thursday, hitting $14.37. 737 shares of the company's stock were exchanged, compared to its average volume of 21,392. The business has a 50-day moving average price of $14.54 and a two-hundred day moving average price of $14.84. The stock has a market capitalization of $198.16 million, a price-to-earnings ratio of 14.66 and a beta of 0.77. Escalade, Incorporated has a 52-week low of $12.54 and a 52-week high of $16.99. The company has a current ratio of 4.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10.

Escalade (NASDAQ:ESCA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $55.48 million during the quarter, compared to analysts' expectations of $54.44 million. Escalade had a return on equity of 7.49% and a net margin of 5.54%. As a group, equities research analysts expect that Escalade, Incorporated will post 0.93 EPS for the current year.

Escalade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, July 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, July 7th. Escalade's payout ratio is 61.22%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Separately, Wall Street Zen raised Escalade from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

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.