Escalade, Incorporated (NASDAQ:ESCA) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Escalade, Incorporated (NASDAQ:ESCA) by 22.9% during the 4th quarter, Holdings Channel reports. The fund owned 6,870 shares of the company’s stock after acquiring an additional 1,278 shares during the quarter. Wells Fargo & Company MN’s holdings in Escalade were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC acquired a new stake in Escalade in the 4th quarter valued at approximately $217,000. JPMorgan Chase & Co. increased its position in Escalade by 98.1% in the 4th quarter. JPMorgan Chase & Co. now owns 37,474 shares of the company’s stock valued at $535,000 after acquiring an additional 18,560 shares during the period. Charles Schwab Investment Management Inc. increased its position in Escalade by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company’s stock valued at $411,000 after acquiring an additional 2,221 shares during the period. Bank of New York Mellon Corp increased its position in Escalade by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 127,446 shares of the company’s stock valued at $1,820,000 after acquiring an additional 7,659 shares during the period. Finally, Barclays PLC increased its position in Escalade by 251.3% in the 3rd quarter. Barclays PLC now owns 13,185 shares of the company’s stock valued at $186,000 after acquiring an additional 9,432 shares during the period. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Escalade Stock Performance

Shares of NASDAQ ESCA opened at $14.73 on Monday. The stock has a fifty day moving average price of $15.01 and a two-hundred day moving average price of $14.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.41 and a current ratio of 3.45. The firm has a market cap of $201.27 million, a P/E ratio of 15.67 and a beta of 0.88. Escalade, Incorporated has a 1 year low of $12.53 and a 1 year high of $16.99.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $55.48 million during the quarter, compared to analyst estimates of $54.44 million. Escalade had a return on equity of 7.17% and a net margin of 5.20%. Research analysts forecast that Escalade, Incorporated will post 0.93 EPS for the current fiscal year.

Escalade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, July 7th. Escalade’s payout ratio is currently 61.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Escalade from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Escalade Company Profile

Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.