Bank of New York Mellon Corp Grows Stock Position in Escalade, Incorporated (NASDAQ:ESCA)

Bank of New York Mellon Corp raised its position in Escalade, Incorporated (NASDAQ:ESCA) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,446 shares of the company’s stock after purchasing an additional 7,659 shares during the quarter. Bank of New York Mellon Corp owned 0.92% of Escalade worth $1,820,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. De Lisle Partners LLP raised its holdings in shares of Escalade by 6.3% in the 3rd quarter. De Lisle Partners LLP now owns 83,886 shares of the company’s stock worth $1,177,000 after purchasing an additional 5,000 shares during the period. Arete Wealth Advisors LLC raised its holdings in shares of Escalade by 40.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 20,975 shares of the company’s stock worth $292,000 after purchasing an additional 6,059 shares during the period. Barclays PLC raised its holdings in shares of Escalade by 251.3% in the 3rd quarter. Barclays PLC now owns 13,185 shares of the company’s stock worth $186,000 after purchasing an additional 9,432 shares during the period. Hohimer Wealth Management LLC purchased a new position in shares of Escalade in the 3rd quarter worth about $166,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Escalade by 301.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,914 shares of the company’s stock worth $266,000 after purchasing an additional 14,204 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Stock Performance

Escalade stock opened at $14.79 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.45 and a quick ratio of 1.41. Escalade, Incorporated has a 12 month low of $12.34 and a 12 month high of $16.99. The company has a market cap of $202.21 million, a price-to-earnings ratio of 15.73 and a beta of 1.30. The stock’s 50-day moving average is $15.10 and its 200-day moving average is $14.61.

Escalade (NASDAQ:ESCA) last posted its earnings results on Wednesday, February 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Escalade had a net margin of 5.20% and a return on equity of 7.17%. The company had revenue of $251.51 million during the quarter, compared to analyst estimates of $62.20 million. Equities analysts anticipate that Escalade, Incorporated will post 0.93 earnings per share for the current year.

Escalade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, April 7th will be paid a $0.15 dividend. The ex-dividend date is Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.06%. Escalade’s dividend payout ratio (DPR) is currently 65.22%.

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.