Renaissance Technologies LLC Sells 900 Shares of Escalade, Incorporated (NASDAQ:ESCA)

Renaissance Technologies LLC cut its position in Escalade, Incorporated (NASDAQ:ESCA) by 6.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,230 shares of the company’s stock after selling 900 shares during the quarter. Renaissance Technologies LLC’s holdings in Escalade were worth $169,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ESCA. Prosperity Consulting Group LLC bought a new stake in Escalade during the 1st quarter worth about $484,000. BNP Paribas Financial Markets lifted its position in shares of Escalade by 40.0% during the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after purchasing an additional 1,340 shares in the last quarter. Janney Montgomery Scott LLC lifted its position 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Escalade by 0.7% during the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after purchasing an additional 3,569 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Escalade in the first quarter valued at approximately $199,000. 65.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a research note on Thursday.

Escalade Stock Performance

ESCA stock opened at $13.77 on Monday. Escalade, Incorporated has a twelve month low of $12.34 and a twelve month high of $22.01. The company has a quick ratio of 1.74, a current ratio of 4.60 and a debt-to-equity ratio of 0.22. The company has a market cap of $190.88 million, a P/E ratio of 15.13 and a beta of 1.22. The business’s fifty day moving average is $13.61 and its 200-day moving average is $13.59.

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

Escalade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, October 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.36%. Escalade’s payout ratio is 65.93%.

Escalade Company 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.