JPMorgan Chase & Co. Raises Position in Escalade, Incorporated (NASDAQ:ESCA)

JPMorgan Chase & Co. raised its position in Escalade, Incorporated (NASDAQ:ESCA - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,474 shares of the company's stock after purchasing an additional 18,560 shares during the period. JPMorgan Chase & Co. owned 0.27% of Escalade worth $535,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC grew its position in Escalade by 251.3% during the third quarter. Barclays PLC now owns 13,185 shares of the company's stock worth $186,000 after buying an additional 9,432 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Escalade by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 127,446 shares of the company's stock valued at $1,820,000 after acquiring an additional 7,659 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Escalade by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company's stock worth $411,000 after purchasing an additional 2,221 shares in the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Price Performance

ESCA traded up $0.19 on Tuesday, reaching $15.02. The company had a trading volume of 19,698 shares, compared to its average volume of 21,358. Escalade, Incorporated has a 52-week low of $12.53 and a 52-week high of $16.99. The company has a market cap of $205.16 million, a price-to-earnings ratio of 15.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.41 and a current ratio of 3.45. The business has a 50 day simple moving average of $15.01 and a 200 day simple moving average of $14.89.

Escalade (NASDAQ:ESCA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The company had revenue of $55.48 million during the quarter, compared to the consensus estimate of $54.44 million. Escalade had a net margin of 5.20% and a return on equity of 7.17%. As a group, sell-side analysts anticipate that Escalade, Incorporated will post 0.93 EPS for the current year.

Escalade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, July 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.00%. Escalade's payout ratio is 65.22%.

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.