Arete Wealth Advisors LLC Acquires 6,059 Shares of Escalade, Incorporated (NASDAQ:ESCA)

Arete Wealth Advisors LLC raised its holdings in Escalade, Incorporated (NASDAQ:ESCA) by 40.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,975 shares of the company’s stock after buying an additional 6,059 shares during the period. Arete Wealth Advisors LLC owned about 0.15% of Escalade worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Escalade by 251.3% during the third quarter. Barclays PLC now owns 13,185 shares of the company’s stock worth $186,000 after purchasing an additional 9,432 shares during the last quarter. Inspire Advisors LLC bought a new position in shares of Escalade during the 2nd quarter worth approximately $201,000. De Lisle Partners LLP boosted its stake in shares of Escalade by 6.3% in the 3rd quarter. De Lisle Partners LLP now owns 83,886 shares of the company’s stock worth $1,177,000 after buying an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Escalade by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock valued at $1,744,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 acquiring an additional 1,365 shares in the last quarter. 65.22% of the stock is owned by institutional investors.

Escalade Price Performance

ESCA opened at $15.29 on Friday. Escalade, Incorporated has a fifty-two week low of $12.34 and a fifty-two week high of $22.01. The firm has a 50-day moving average of $14.45 and a 200 day moving average of $13.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.41 and a current ratio of 3.45. The firm has a market cap of $212.23 million, a P/E ratio of 15.89 and a beta of 1.25.

Escalade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, January 6th 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 3.92%. The ex-dividend date of this dividend is Monday, January 6th. Escalade’s dividend payout ratio is currently 63.83%.

Analyst Upgrades and Downgrades

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

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.