Minerva Advisors LLC held its position in shares of Escalade, Incorporated (NASDAQ:ESCA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 424,798 shares of the company’s stock at the end of the second quarter. Escalade, makes up 3.1% of Minerva Advisors LLC’s holdings, making the stock its 9th largest position. Minerva Advisors LLC’s holdings in Escalade, were worth $5,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ESCA. Strs Ohio increased its position in shares of Escalade, by 5.8% in the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after buying an additional 1,100 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Escalade, by 7.9% in the second quarter. North Star Investment Management Corp. now owns 398,676 shares of the company’s stock worth $5,223,000 after buying an additional 29,228 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Escalade, by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 358,425 shares of the company’s stock worth $4,624,000 after buying an additional 19,853 shares during the last quarter. Beddow Capital Management Inc. increased its position in shares of Escalade, by 181.6% in the first quarter. Beddow Capital Management Inc. now owns 310,898 shares of the company’s stock worth $4,011,000 after buying an additional 200,478 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Escalade, by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock worth $1,453,000 after buying an additional 9,312 shares during the last quarter. 26.04% of the stock is currently owned by institutional investors and hedge funds.

Escalade, Incorporated (NASDAQ:ESCA) opened at 12.15 on Friday. Escalade, Incorporated has a 52 week low of $10.52 and a 52 week high of $14.70. The company has a 50 day moving average price of $12.87 and a 200-day moving average price of $12.79. The company has a market capitalization of $174.52 million, a P/E ratio of 15.60 and a beta of 0.06.

Escalade, (NASDAQ:ESCA) last released its earnings results on Monday, July 31st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.08. Escalade, had a return on equity of 10.95% and a net margin of 6.67%. The company had revenue of $52.39 million for the quarter, compared to the consensus estimate of $45.60 million. On average, equities analysts anticipate that Escalade, Incorporated will post $0.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Monday, September 11th will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, September 8th. This represents a $0.46 annualized dividend and a yield of 3.79%. Escalade,’s payout ratio is presently 58.23%.

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A number of research analysts recently weighed in on the company. ValuEngine downgraded Escalade, from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Escalade, from a “hold” rating to a “sell” rating in a research note on Friday. Finally, TheStreet raised Escalade, from a “c+” rating to a “b” rating in a research note on Monday, July 31st.

About Escalade,

Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.

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Institutional Ownership by Quarter for Escalade, (NASDAQ:ESCA)

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