Escalade, Incorporated (ESCA) to Distribute Quarterly Dividend of $0.15 on January 11th

Escalade, Incorporated (NASDAQ:ESCA) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, January 4th will be given a dividend of $0.1525 per share on Monday, January 11th. This represents a $0.61 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, January 4th.

Escalade Stock Down 2.2%

Shares of ESCA opened at $19.70 on Friday. The business’s 50 day moving average price is $19.40 and its 200-day moving average price is $18.09. Escalade has a 52 week low of $11.41 and a 52 week high of $23.07. The stock has a market cap of $271.27 million, a P/E ratio of 11.26 and a beta of 0.52.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Escalade had a return on equity of 13.68% and a net margin of 10.03%. The company had revenue of $65.61 million during the quarter, compared to analyst estimates of $68.48 million. On average, equities analysts anticipate that Escalade will post 1.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Edward Williams sold 30,315 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $20.98, for a total value of $636,008.70. Following the transaction, the director directly owned 132,187 shares of the company’s stock, valued at approximately $2,773,283.26. This represents a 18.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen Wawrin sold 3,177 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $21.40, for a total value of $67,987.80. Following the completion of the transaction, the chief financial officer directly owned 45,000 shares in the company, valued at $963,000. This trade represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,227 shares of company stock worth $872,743 in the last three months. Insiders own 33.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in Escalade in the 2nd quarter worth about $1,720,000. De Lisle Partners LLP purchased a new position in Escalade in the 2nd quarter worth about $1,204,000. BlackRock Inc. purchased a new position in Escalade in the 2nd quarter worth about $9,851,000. Northstar Group Inc. purchased a new position in Escalade in the 2nd quarter worth about $1,136,000. Finally, IFP Advisors Inc raised its position in Escalade by 2,074.4% in the 3rd quarter. IFP Advisors Inc now owns 3,392 shares of the company’s stock worth $65,000 after buying an additional 3,236 shares during the last quarter. 65.22% of the stock is owned by institutional investors.

Escalade Company Profile

Escalade, Inc is a sporting goods manufacturer and distributor headquartered in Evansville, Indiana. The company develops, manufactures and markets products for recreational and competitive sports, with a focus on indoor and outdoor activities.

Its product portfolio includes table tennis equipment, pickleball and other game-related products, archery equipment, darts, billiards, game-room furnishings, and outdoor recreation products. Escalade sells products under a variety of established brands, including STIGA, Onix, Accudart, Victory Tailgate, Harrows and Unicorn, as well as through private-label offerings.

Escalade serves sporting goods retailers, specialty dealers, mass merchants, e-commerce channels and institutional customers in the United States and international markets.