State Street Corp Sells 3,875 Shares of Escalade, Incorporated (NASDAQ:ESCA)

State Street Corp trimmed its holdings in Escalade, Incorporated (NASDAQ:ESCA) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,356 shares of the company’s stock after selling 3,875 shares during the quarter. State Street Corp’s holdings in Escalade were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Inspire Advisors LLC acquired a new stake in shares of Escalade during the 2nd quarter worth approximately $201,000. De Lisle Partners LLP boosted its stake in Escalade by 6.3% during the third quarter. De Lisle Partners LLP now owns 83,886 shares of the company’s stock worth $1,177,000 after acquiring an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Escalade by 0.9% in 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 period. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of Escalade during the second quarter valued at about $15,458,000. Institutional investors own 65.22% of the company’s stock.

Escalade Price Performance

Shares of NASDAQ:ESCA opened at $14.28 on Thursday. The stock’s fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $14.04. The stock has a market cap of $198.16 million, a PE ratio of 15.19 and a beta of 1.25. 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, Incorporated has a 1-year low of $12.34 and a 1-year high of $20.52.

Escalade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, January 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.60 annualized dividend and a dividend yield of 4.20%. Escalade’s payout ratio is presently 63.83%.

Analyst Ratings Changes

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

About Escalade

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.