Rhumbline Advisers Has $206,000 Holdings in Escalade, Incorporated (NASDAQ:ESCA)

Rhumbline Advisers trimmed its position in Escalade, Incorporated (NASDAQ:ESCA) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,432 shares of the company’s stock after selling 839 shares during the period. Rhumbline Advisers’ holdings in Escalade were worth $206,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Escalade by 250.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $33,000 after acquiring an additional 1,635 shares in the last quarter. GAMMA Investing LLC grew its position in Escalade by 27,223.8% during the first quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $88,000 after buying an additional 5,717 shares in the last quarter. Wells Fargo & Company MN grew its position in Escalade by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company’s stock worth $98,000 after buying an additional 1,278 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Escalade by 6.9% during the fourth quarter. Renaissance Technologies LLC now owns 12,430 shares of the company’s stock worth $178,000 after purchasing an additional 800 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Escalade by 149.7% in the 4th quarter. Deutsche Bank AG now owns 13,221 shares of the company’s stock valued at $189,000 after acquiring an additional 7,927 shares during the last quarter. 65.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Stephen Wawrin sold 2,177 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.16, for a total value of $33,003.32. Following the transaction, the chief financial officer now owns 43,000 shares in the company, valued at approximately $651,880. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.75% of the company’s stock.

Escalade Stock Performance

Shares of Escalade stock opened at $13.67 on Thursday. The company has a current ratio of 4.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $14.90. Escalade, Incorporated has a 1-year low of $12.54 and a 1-year high of $16.99. The company has a market cap of $188.51 million, a P/E ratio of 13.95 and a beta of 0.81.

Escalade (NASDAQ:ESCA) last issued its earnings results on Monday, May 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $55.48 million during the quarter, compared to the consensus estimate of $54.44 million. Escalade had a return on equity of 7.49% and a net margin of 5.54%. As a group, analysts anticipate that Escalade, Incorporated will post 0.93 EPS for the current year.

Escalade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, July 7th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.39%. Escalade’s dividend payout ratio is currently 61.22%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Escalade from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th.

About Escalade

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.