Prosperity Consulting Group LLC Has $400,000 Stock Position in Escalade, Incorporated (NASDAQ:ESCA)

Prosperity Consulting Group LLC lowered its holdings in shares of Escalade, Incorporated (NASDAQ:ESCA) by 17.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,023 shares of the company’s stock after selling 6,186 shares during the period. Prosperity Consulting Group LLC owned approximately 0.21% of Escalade worth $400,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted 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 worth $64,000 after acquiring an additional 1,340 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Escalade by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock worth $141,000 after acquiring an additional 2,033 shares in the last quarter. Quadrature Capital Ltd bought a new position in Escalade in the first quarter worth approximately $199,000. Inspire Advisors LLC bought a new position in Escalade in the second quarter worth approximately $201,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Escalade by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,614 shares of the company’s stock valued at $474,000 after purchasing an additional 1,369 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

Escalade Stock Up 1.7 %

ESCA stock opened at $14.72 on Friday. 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 stock’s 50 day moving average is $13.78 and its 200-day moving average is $13.60. The firm has a market capitalization of $204.02 million, a PE ratio of 16.18 and a beta of 1.22.

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 company had revenue of $62.53 million for the quarter. Sell-side analysts expect that Escalade, Incorporated will post 0.85 EPS for the current fiscal year.

Escalade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, October 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Monday, October 7th. Escalade’s payout ratio is 65.93%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Escalade from a “buy” rating to a “hold” rating in a report on Wednesday.

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.