State Street Corp Sells 3,875 Shares of Escalade, Incorporated (NASDAQ:ESCA)

State Street Corp lowered its stake in shares of Escalade, Incorporated (NASDAQ:ESCA) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,356 shares of the company’s stock after selling 3,875 shares during the period. State Street Corp owned approximately 0.82% of Escalade worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ESCA. Inspire Advisors LLC acquired a new stake in shares of Escalade during the second quarter worth about $201,000. De Lisle Partners LLP raised its holdings in Escalade by 6.3% during the 3rd quarter. De Lisle Partners LLP now owns 83,886 shares of the company’s stock worth $1,177,000 after buying an additional 5,000 shares during the period. Bank of New York Mellon Corp lifted its stake 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 buying an additional 1,071 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 1,365 shares during the period. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of Escalade in the second quarter valued at approximately $15,458,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Escalade Trading Up 0.7 %

NASDAQ ESCA opened at $14.28 on Thursday. Escalade, Incorporated has a 12 month low of $12.34 and a 12 month high of $20.52. The company has a current ratio of 3.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $14.71 and a 200-day moving average of $14.04. The company has a market cap of $198.16 million, a PE ratio of 15.19 and a beta of 1.25.

Escalade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, January 6th will be paid a $0.15 dividend. The ex-dividend date is Monday, January 6th. This represents a $0.60 annualized dividend and a yield of 4.20%. Escalade’s dividend payout ratio is 63.83%.

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.