Bank of New York Mellon Corp Has $1.74 Million Holdings in Escalade, Incorporated (NASDAQ:ESCA)

Bank of New York Mellon Corp lifted its stake in Escalade, Incorporated (NASDAQ:ESCA) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,474 shares of the company’s stock after buying an additional 1,071 shares during the period. Bank of New York Mellon Corp owned about 0.91% of Escalade worth $1,744,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Escalade by 40.0% in the 1st quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after buying an additional 1,340 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Escalade by 40.6% during the 4th quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after purchasing an additional 2,033 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Escalade during the 1st quarter valued at $199,000. Janney Montgomery Scott LLC increased its holdings in Escalade by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,614 shares of the company’s stock valued at $474,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Prosperity Consulting Group LLC acquired a new stake in Escalade during the 1st quarter valued at $484,000. 65.22% of the stock is owned by institutional investors and hedge funds.

Escalade Trading Down 0.4 %

ESCA stock opened at $13.64 on Thursday. The business has a fifty day moving average price of $13.83 and a 200 day moving average price of $13.57. Escalade, Incorporated has a fifty-two week low of $12.34 and a fifty-two week high of $22.01. The stock has a market capitalization of $189.08 million, a price-to-earnings ratio of 14.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.60 and a quick ratio of 1.74.

Escalade (NASDAQ:ESCA) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.20 EPS for the quarter. The firm had revenue of $62.53 million for the quarter. Escalade had a return on equity of 7.16% and a net margin of 4.55%. Analysts expect that Escalade, Incorporated will post 0.85 EPS for the current fiscal year.

Escalade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, October 7th will be given a $0.15 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.40%. Escalade’s dividend payout ratio is currently 65.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a report on Thursday.

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.