Prosperity Consulting Group LLC Reduces Stake in Escalade, Incorporated (NASDAQ:ESCA)

Prosperity Consulting Group LLC lessened its stake in Escalade, Incorporated (NASDAQ:ESCA) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,523 shares of the company’s stock after selling 1,939 shares during the period. Prosperity Consulting Group LLC owned about 0.15% of Escalade worth $293,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ESCA. Renaissance Technologies LLC lifted its position in shares of Escalade by 6.9% during the 4th quarter. Renaissance Technologies LLC now owns 12,430 shares of the company’s stock valued at $178,000 after buying an additional 800 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Escalade by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company’s stock valued at $98,000 after purchasing an additional 1,278 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Escalade by 250.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $33,000 after purchasing an additional 1,635 shares during the period. Barclays PLC boosted its position in Escalade by 14.1% during the fourth quarter. Barclays PLC now owns 15,041 shares of the company’s stock worth $214,000 after acquiring an additional 1,856 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Escalade by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company’s stock worth $411,000 after acquiring an additional 2,221 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Escalade Stock Performance

ESCA opened at $14.39 on Tuesday. The firm has a market capitalization of $196.62 million, a PE ratio of 15.31 and a beta of 1.14. Escalade, Incorporated has a twelve month low of $12.34 and a twelve month high of $16.99. The firm’s 50-day moving average price is $15.07 and its 200 day moving average price is $14.86. The company has a current ratio of 3.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13.

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

Escalade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, April 7th were issued a $0.15 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 4.17%. Escalade’s payout ratio is 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.