Escalade, Incorporated (ESCA) CEO Sells $112,017.50 in Stock
Escalade, Incorporated (NASDAQ:ESCA) CEO David L. Fetherman sold 9,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $12.11, for a total transaction of $112,017.50. Following the completion of the transaction, the chief executive officer now directly owns 102,729 shares of the company’s stock, valued at $1,244,048.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Escalade, Incorporated (ESCA) opened at 12.40 on Monday. The firm has a 50-day moving average of $12.14 and a 200 day moving average of $12.57. The company has a market capitalization of $178.11 million, a P/E ratio of 15.92 and a beta of 0.10. Escalade, Incorporated has a one year low of $11.30 and a one year high of $14.70.
Escalade, (NASDAQ:ESCA) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $52.39 million during the quarter, compared to the consensus estimate of $45.60 million. Escalade, had a return on equity of 10.95% and a net margin of 6.67%. On average, equities analysts forecast that Escalade, Incorporated will post $0.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Monday, September 11th will be given a $0.115 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.71%. Escalade,’s payout ratio is currently 58.23%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in shares of Escalade, by 4.9% in the second quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock worth $182,000 after purchasing an additional 647 shares during the period. Teachers Advisors LLC boosted its position in shares of Escalade, by 18.2% during the second quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock worth $220,000 after acquiring an additional 2,586 shares during the last quarter. Strs Ohio boosted its position in shares of Escalade, by 5.8% during the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after acquiring an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Escalade, by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock worth $1,453,000 after acquiring an additional 9,312 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Escalade, by 7.2% during the second quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock worth $1,693,000 after acquiring an additional 8,726 shares during the last quarter. Institutional investors and hedge funds own 26.46% of the company’s stock.
Several research analysts recently commented on ESCA shares. ValuEngine raised shares of Escalade, from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Escalade, from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, TheStreet raised shares of Escalade, from a “c+” rating to a “b” rating in a report on Monday, July 31st.
Escalade, Company Profile
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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