Escalade, Incorporated (NASDAQ:ESCA) Short Interest Update

Escalade, Incorporated (NASDAQ:ESCA) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 57,400 shares, an increase of 6.9% from the October 31st total of 53,700 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 2.0 days. Approximately 0.6% of the company’s stock are short sold.

Escalade Stock Down 1.1 %

Shares of NASDAQ:ESCA opened at $15.60 on Thursday. The company has a current ratio of 3.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $13.84. The firm has a market cap of $216.48 million, a PE ratio of 16.60 and a beta of 1.25. Escalade has a 12-month low of $12.34 and a 12-month high of $22.01.

Escalade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors 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 dividend on an annualized basis and a dividend yield of 3.85%. Escalade’s dividend payout ratio (DPR) is presently 63.83%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Escalade

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of Escalade by 251.3% in the third quarter. Barclays PLC now owns 13,185 shares of the company’s stock worth $186,000 after buying an additional 9,432 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in Escalade during the third quarter valued at $166,000. Arete Wealth Advisors LLC increased its stake in Escalade by 40.6% during the third quarter. Arete Wealth Advisors LLC now owns 20,975 shares of the company’s stock valued at $292,000 after purchasing an additional 6,059 shares during the last quarter. De Lisle Partners LLP increased 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 valued at $1,177,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Inspire Advisors LLC increased its stake in Escalade by 195.4% during the third quarter. Inspire Advisors LLC now owns 43,092 shares of the company’s stock valued at $606,000 after purchasing an additional 28,503 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

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.