Inspire Advisors LLC Boosts Stock Position in Escalade, Incorporated (NASDAQ:ESCA)

Inspire Advisors LLC boosted its holdings in Escalade, Incorporated (NASDAQ:ESCA) by 195.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,092 shares of the company’s stock after buying an additional 28,503 shares during the quarter. Inspire Advisors LLC owned approximately 0.31% of Escalade worth $606,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ESCA. BNP Paribas Financial Markets increased its holdings in Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock valued at $64,000 after buying an additional 1,340 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Escalade during the first quarter worth about $199,000. Janney Montgomery Scott LLC grew its holdings in shares of Escalade by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock worth $343,000 after purchasing an additional 1,330 shares during the last quarter. Prosperity Consulting Group LLC purchased a new position in shares of Escalade during the first quarter worth about $484,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Escalade by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock worth $1,744,000 after purchasing an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Escalade Stock Performance

Shares of ESCA stock opened at $14.07 on Friday. The stock’s 50-day moving average is $13.71 and its two-hundred day moving average is $13.60. The firm has a market cap of $195.04 million, a price-to-earnings ratio of 15.46 and a beta of 1.22. Escalade, Incorporated has a 1 year low of $12.34 and a 1 year high of $22.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 4.60.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter. Escalade had a return on equity of 7.16% and a net margin of 4.55%. The company had revenue of $62.53 million for the quarter. Analysts predict that Escalade, Incorporated will post 0.85 earnings per share for the current year.

Escalade Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.26%. Escalade’s dividend payout ratio (DPR) is 65.93%.

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.