Escalade (NASDAQ:ESCA) Director Sells 2,000 Shares of Stock

Key Points

  • Director Richard Fenton Baalmann Jr. sold 2,000 Escalade shares at an average of $21 each, totaling $42,000; he retained 95,794 shares after the sale.
  • Escalade reported quarterly EPS of $0.48, beating the $0.34 consensus estimate, while revenue of $65.61 million fell short of the $68.48 million estimate.
  • The company announced a quarterly dividend of $0.1525 per share, equivalent to $0.61 annually and a 2.9% yield. Analysts’ average rating is “Hold.”

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) Director Richard Fenton Baalmann, Jr. sold 2,000 shares of the business's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the sale, the director owned 95,794 shares of the company's stock, valued at $2,011,674. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Escalade Price Performance

ESCA stock opened at $20.98 on Wednesday. Escalade, Incorporated has a fifty-two week low of $12.25 and a fifty-two week high of $23.07. The stock has a market capitalization of $288.62 million, a price-to-earnings ratio of 11.99 and a beta of 0.54. The business's fifty day moving average price is $19.46 and its two-hundred day moving average price is $18.32.

Escalade (NASDAQ:ESCA - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. Escalade had a net margin of 10.03% and a return on equity of 13.48%. The business had revenue of $65.61 million for the quarter, compared to the consensus estimate of $68.48 million. Research analysts expect that Escalade, Incorporated will post 1.59 EPS for the current year.

Escalade Announces Dividend




The firm also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Monday, January 4th will be issued a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $0.61 annualized dividend and a dividend yield of 2.9%. Escalade's dividend payout ratio (DPR) is currently 34.86%.

Institutional Investors Weigh In On Escalade

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp grew its holdings in shares of Escalade by 3,080.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,781 shares of the company's stock valued at $34,000 after purchasing an additional 1,725 shares during the last quarter. IFP Advisors Inc increased its position in Escalade by 2,074.4% during the 3rd quarter. IFP Advisors Inc now owns 3,392 shares of the company's stock worth $65,000 after purchasing an additional 3,236 shares in the last quarter. Deutsche Bank AG bought a new position in Escalade in the 2nd quarter valued at approximately $156,000. Bank of America Corp DE lifted its stake in Escalade by 13.9% in the 1st quarter. Bank of America Corp DE now owns 10,442 shares of the company's stock valued at $179,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Escalade in the 2nd quarter valued at approximately $208,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESCA has been the subject of a number of analyst reports. Weiss Ratings raised Escalade from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. Wall Street Zen downgraded shares of Escalade from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 31st. Zacks Research downgraded Escalade from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, LADENBURG THALM/SH SH began coverage on Escalade in a research note on Tuesday, October 13th. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Escalade currently has an average rating of "Hold".

Get Our Latest Report on ESCA

Escalade Company Profile

(Get Free Report)

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.

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