Kessler Investment Group LLC cut its position in Escalade, Inc. (NASDAQ:ESCA) by 45.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,247 shares of the company’s stock after selling 2,726 shares during the period. Kessler Investment Group LLC’s holdings in Escalade were worth $37,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. raised its holdings in shares of Escalade by 6.0% during the fourth quarter. North Star Investment Management Corp. now owns 478,868 shares of the company’s stock valued at $5,483,000 after purchasing an additional 26,988 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Escalade by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 439,045 shares of the company’s stock valued at $5,641,000 after purchasing an additional 14,841 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Escalade by 1.1% during the third quarter. BlackRock Inc. now owns 539,392 shares of the company’s stock valued at $6,930,000 after purchasing an additional 5,881 shares during the last quarter. Commerce Bank raised its holdings in shares of Escalade by 194.3% during the third quarter. Commerce Bank now owns 44,147 shares of the company’s stock valued at $567,000 after purchasing an additional 29,148 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Escalade by 40.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock valued at $288,000 after purchasing an additional 5,900 shares during the last quarter. 28.32% of the stock is owned by institutional investors and hedge funds.
Shares of ESCA traded down $0.04 during mid-day trading on Friday, hitting $12.49. 549 shares of the company traded hands, compared to its average volume of 11,226. Escalade, Inc. has a 1 year low of $10.50 and a 1 year high of $15.25. The stock has a market capitalization of $184.68 million, a price-to-earnings ratio of 16.22 and a beta of 0.16.
Escalade (NASDAQ:ESCA) last announced its earnings results on Thursday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $43.96 million during the quarter. Escalade had a net margin of 14.02% and a return on equity of 9.32%. On average, equities analysts predict that Escalade, Inc. will post 1.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 10th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 7th. This represents a $0.50 annualized dividend and a yield of 4.00%. Escalade’s dividend payout ratio (DPR) is 64.94%.
Separately, Zacks Investment Research raised shares of Escalade from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, November 14th.
Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
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