Bank of New York Mellon Corp increased its stake in shares of Escalade Inc. (NASDAQ:ESCA) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 84,774 shares of the company’s stock after buying an additional 3,021 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Escalade worth $868,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ESCA. Minerva Advisors LLC raised its position in Escalade by 19.8% in the second quarter. Minerva Advisors LLC now owns 415,960 shares of the company’s stock valued at $4,260,000 after buying an additional 68,738 shares during the period. Parthenon LLC raised its position in shares of Escalade by 24.4% in the second quarter. Parthenon LLC now owns 152,240 shares of the company’s stock worth $1,559,000 after buying an additional 29,893 shares during the period. Skylands Capital LLC raised its position in shares of Escalade by 79.3% in the second quarter. Skylands Capital LLC now owns 34,700 shares of the company’s stock worth $355,000 after buying an additional 15,350 shares during the period. North Star Investment Management Corp. raised its position in shares of Escalade by 31.8% in the second quarter. North Star Investment Management Corp. now owns 340,205 shares of the company’s stock worth $3,484,000 after buying an additional 82,104 shares during the period. Finally, State Street Corp raised its position in shares of Escalade by 0.8% in the first quarter. State Street Corp now owns 110,060 shares of the company’s stock worth $1,297,000 after buying an additional 900 shares during the period. 24.70% of the stock is owned by institutional investors.
Escalade Inc. (NASDAQ:ESCA) traded up 1.22% during midday trading on Tuesday, reaching $12.40. The company’s stock had a trading volume of 258 shares. The firm has a 50-day moving average price of $12.41 and a 200 day moving average price of $11.28. Escalade Inc. has a 52-week low of $9.70 and a 52-week high of $18.90. The stock has a market capitalization of $176.96 million, a price-to-earnings ratio of 20.33 and a beta of 0.37.
Escalade (NASDAQ:ESCA) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Escalade had a net margin of 5.38% and a return on equity of 8.99%. The business earned $48.50 million during the quarter, compared to analysts’ expectations of $44.35 million. Equities research analysts predict that Escalade Inc. will post $0.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, September 12th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, September 8th. Escalade’s dividend payout ratio is 72.13%.
A number of equities analysts recently issued reports on ESCA shares. Wunderlich decreased their price objective on Escalade from $18.00 to $16.00 and set a “buy” rating for the company in a report on Monday, June 20th. Zacks Investment Research raised Escalade from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 21st.
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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