Escalade (NASDAQ:ESCA) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Escalade (NASDAQ:ESCA) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Escalade Trading Up 2.2 %

NASDAQ ESCA opened at $13.76 on Tuesday. Escalade has a one year low of $11.42 and a one year high of $22.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.41 and a quick ratio of 1.63. The firm has a market cap of $190.71 million, a P/E ratio of 19.38 and a beta of 1.21. The stock’s 50-day moving average is $14.03 and its 200-day moving average is $16.96.

Escalade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Friday, April 12th. Escalade’s dividend payout ratio is 84.51%.

Institutional Investors Weigh In On Escalade

Several institutional investors have recently added to or reduced their stakes in ESCA. Barclays PLC bought a new position in Escalade during the 2nd quarter worth about $27,000. Denali Advisors LLC bought a new position in shares of Escalade during the third quarter worth about $47,000. SG Americas Securities LLC acquired a new stake in Escalade in the 4th quarter valued at approximately $118,000. Victory Capital Management Inc. lifted its stake in Escalade by 40.6% in the 4th quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Escalade during the 3rd quarter worth approximately $228,000. 65.22% of the stock is owned by institutional investors.

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.