Richard Fenton Baalmann, Jr. Sells 5,000 Shares of Escalade (NASDAQ:ESCA) Stock

Escalade, Incorporated (NASDAQ:ESCAGet Free Report) Director Richard Fenton Baalmann, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $22.27, for a total transaction of $111,350.00. Following the transaction, the director directly owned 97,794 shares in the company, valued at approximately $2,177,872.38. The trade was a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Escalade Trading Up 1.6%

Escalade stock opened at $22.60 on Friday. The company has a 50-day moving average price of $19.07 and a 200 day moving average price of $17.54. Escalade, Incorporated has a 12-month low of $11.41 and a 12-month high of $23.07. The stock has a market cap of $311.20 million, a P/E ratio of 13.53 and a beta of 0.58.

Escalade (NASDAQ:ESCAGet Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.52. Escalade had a net margin of 9.46% and a return on equity of 13.11%. The company had revenue of $57.70 million for the quarter, compared to analyst estimates of $57.60 million. As a group, analysts forecast that Escalade, Incorporated will post 1.56 EPS for the current year.

Escalade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, October 6th will be given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 6th. Escalade’s payout ratio is presently 36.53%.

Hedge Funds Weigh In On Escalade

Large investors have recently made changes to their positions in the stock. Minerva Advisors LLC boosted its position in shares of Escalade by 3.2% during the 4th quarter. Minerva Advisors LLC now owns 567,621 shares of the company’s stock worth $7,657,000 after purchasing an additional 17,429 shares during the period. BlackRock Inc. purchased a new stake in Escalade in the second quarter valued at approximately $9,851,000. Geode Capital Management LLC raised its position in Escalade by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 221,996 shares of the company’s stock valued at $2,995,000 after purchasing an additional 878 shares during the period. State Street Corp lifted its stake in Escalade by 3.2% during the fourth quarter. State Street Corp now owns 140,410 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,373 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Escalade during the second quarter worth $1,720,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ESCA has been the subject of several analyst reports. Wall Street Zen upgraded Escalade from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Zacks Research upgraded Escalade from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Weiss Ratings raised Escalade from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

View Our Latest Report on ESCA

Escalade Company Profile

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Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.

Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.

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