Escalade, Incorporated (NASDAQ:ESCA) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC boosted its position in Escalade, Incorporated (NASDAQ:ESCA) by 195.4% in the third quarter, Holdings Channel.com reports. The firm owned 43,092 shares of the company’s stock after acquiring an additional 28,503 shares during the quarter. Inspire Advisors LLC’s holdings in Escalade were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 1,365 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of Escalade during the 2nd quarter valued at approximately $15,458,000. Bank of New York Mellon Corp lifted its position in shares of Escalade by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock valued at $1,744,000 after acquiring an additional 1,071 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Escalade during the 1st quarter valued at approximately $199,000. Finally, Vanguard Group Inc. lifted its position in shares of Escalade by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after acquiring an additional 3,569 shares during the period. Institutional investors and hedge funds own 65.22% of the company’s stock.

Escalade Price Performance

ESCA stock opened at $14.07 on Friday. The firm has a 50 day moving average of $13.71 and a 200-day moving average of $13.60. Escalade, Incorporated has a 12-month low of $12.34 and a 12-month high of $22.01. The company has a current ratio of 4.60, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. The company has a market cap of $195.04 million, a price-to-earnings ratio of 15.46 and a beta of 1.22.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter. Escalade had a net margin of 4.55% and a return on equity of 7.16%. The company had revenue of $62.53 million during the quarter. As a group, equities analysts expect that Escalade, Incorporated will post 0.85 EPS for the current fiscal year.

Escalade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, October 7th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.26%. Escalade’s dividend payout ratio (DPR) is 65.93%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Escalade from a “hold” rating to a “buy” rating in a research report 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.