Geode Capital Management LLC Trims Stock Position in Escalade, Incorporated (NASDAQ:ESCA)

Geode Capital Management LLC lessened its stake in Escalade, Incorporated (NASDAQ:ESCA) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 213,418 shares of the company’s stock after selling 7,653 shares during the period. Geode Capital Management LLC owned about 1.54% of Escalade worth $3,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Escalade by 251.3% during the third quarter. Barclays PLC now owns 13,185 shares of the company’s stock worth $186,000 after buying an additional 9,432 shares during the period. Inspire Advisors LLC purchased a new stake in Escalade during the 2nd quarter valued at approximately $201,000. De Lisle Partners LLP grew its position in Escalade by 6.3% in the 3rd quarter. De Lisle Partners LLP now owns 83,886 shares of the company’s stock valued at $1,177,000 after buying an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Escalade by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock valued at $1,744,000 after purchasing an additional 1,071 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Escalade by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,464 shares of the company’s stock valued at $6,322,000 after acquiring an additional 1,365 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Trading Down 3.7 %

Shares of Escalade stock opened at $14.45 on Tuesday. The business’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.08. The company has a quick ratio of 1.41, a current ratio of 3.45 and a debt-to-equity ratio of 0.13. Escalade, Incorporated has a fifty-two week low of $12.34 and a fifty-two week high of $20.23. The firm has a market cap of $200.52 million, a PE ratio of 15.37 and a beta of 1.27.

Escalade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.15%. Escalade’s payout ratio is 63.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th.

Escalade 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.