Escalade, Incorporated (ESCA) To Go Ex-Dividend on April 6th

Escalade, Incorporated (NASDAQ:ESCA) announced a quarterly dividend on Thursday, February 26th. Investors of record on Monday, April 6th will be paid a dividend of 0.1525 per share on Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, April 6th. This is a 1.7% increase from Escalade’s previous quarterly dividend of $0.15.

Escalade has increased its dividend payment by an average of 0.0%annually over the last three years.

Escalade Price Performance

ESCA stock opened at $18.21 on Friday. The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $13.74. Escalade has a twelve month low of $11.41 and a twelve month high of $18.61. The firm has a market capitalization of $249.48 million, a PE ratio of 18.39 and a beta of 0.56. The company has a quick ratio of 2.04, a current ratio of 4.28 and a debt-to-equity ratio of 0.07.

Escalade (NASDAQ:ESCA) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $62.56 million for the quarter, compared to the consensus estimate of $57.55 million. Escalade had a net margin of 5.70% and a return on equity of 8.03%. On average, equities analysts predict that Escalade will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Escalade

A number of hedge funds have recently made changes to their positions in ESCA. Raymond James Financial Inc. purchased a new stake in shares of Escalade in the 2nd quarter valued at $29,000. Tower Research Capital LLC TRC boosted its holdings in Escalade by 439.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company’s stock valued at $51,000 after acquiring an additional 2,950 shares in the last quarter. Certior Financial Group LLC purchased a new stake in Escalade in the third quarter worth about $141,000. Goldman Sachs Group Inc. boosted its position in shares of Escalade by 7.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,845 shares of the company’s stock valued at $160,000 after purchasing an additional 779 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Escalade by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 12,455 shares of the company’s stock worth $168,000 after purchasing an additional 3,701 shares during the period. 65.22% of the stock is currently owned by institutional investors.

About Escalade

Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.

Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.