Escalade (NASDAQ:ESCA) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Escalade (NASDAQ:ESCA) from a buy rating to a hold rating in a report published on Tuesday.

Escalade Stock Performance

Shares of ESCA opened at $13.76 on Tuesday. The company has a market capitalization of $190.71 million, a PE ratio of 19.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.63 and a current ratio of 4.41. The company’s 50 day moving average price is $14.03 and its 200 day moving average price is $16.96. Escalade has a 52 week low of $11.42 and a 52 week high of $22.01.

Escalade Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, April 12th. Escalade’s dividend payout ratio (DPR) is presently 84.51%.

Institutional Trading of Escalade

A number of institutional investors have recently bought and sold shares of ESCA. Barclays PLC purchased a new stake in shares of Escalade during the 2nd quarter worth about $27,000. Denali Advisors LLC bought a new position in Escalade during the third quarter valued at approximately $47,000. SG Americas Securities LLC acquired a new stake in Escalade in the fourth quarter valued at approximately $118,000. Victory Capital Management Inc. grew its position in Escalade by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock worth $141,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Escalade during the 3rd quarter worth $228,000. Institutional investors and hedge funds 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.