Escalade, Inc. (NASDAQ:ESCA) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 86,900 shares, a growth of 7.5% from the June 30th total of 80,800 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 11.6 days. Currently, 0.9% of the shares of the company are sold short.
Several hedge funds have recently added to or reduced their stakes in ESCA. BNP Paribas Arbitrage SA raised its position in shares of Escalade by 528.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock worth $25,000 after buying an additional 1,898 shares in the last quarter. Bank of America Corp DE raised its position in shares of Escalade by 19.0% during the 4th quarter. Bank of America Corp DE now owns 11,791 shares of the company’s stock worth $135,000 after buying an additional 1,882 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Escalade during the 2nd quarter worth about $145,000. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Escalade during the 2nd quarter worth about $146,000. Finally, Wilen Investment Management CORP. raised its position in shares of Escalade by 40.2% during the 1st quarter. Wilen Investment Management CORP. now owns 15,340 shares of the company’s stock worth $173,000 after buying an additional 4,401 shares in the last quarter. Institutional investors own 28.67% of the company’s stock.
Escalade stock traded up $0.10 during midday trading on Friday, reaching $10.16. 9,462 shares of the stock traded hands, compared to its average volume of 8,674. The company has a current ratio of 5.87, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $11.55. The firm has a market cap of $157.12 million, a price-to-earnings ratio of 16.71 and a beta of 0.24. Escalade has a fifty-two week low of $10.00 and a fifty-two week high of $13.70.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.92%.
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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