Wells Fargo & Company MN decreased its position in Escalade, Inc. (NASDAQ:ESCA) by 19.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,940 shares of the company’s stock after selling 4,905 shares during the period. Wells Fargo & Company MN owned approximately 0.15% of Escalade worth $270,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. North Star Investment Management Corp. increased its stake in shares of Escalade by 5.1% in the first quarter. North Star Investment Management Corp. now owns 369,448 shares of the company’s stock valued at $4,766,000 after buying an additional 17,831 shares during the period. Creative Planning bought a new stake in shares of Escalade during the first quarter valued at about $129,000. Northstar Group Inc. bought a new stake in shares of Escalade during the first quarter valued at about $1,035,000. Renaissance Technologies LLC increased its stake in shares of Escalade by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 220,000 shares of the company’s stock valued at $2,904,000 after buying an additional 3,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Escalade by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 338,572 shares of the company’s stock valued at $4,469,000 after buying an additional 7,546 shares during the period. Institutional investors and hedge funds own 26.03% of the company’s stock.
Shares of Escalade, Inc. (NASDAQ:ESCA) opened at 12.50 on Friday. The firm has a 50-day moving average of $12.91 and a 200 day moving average of $12.81. Escalade, Inc. has a 1-year low of $10.41 and a 1-year high of $14.70. The company has a market capitalization of $179.32 million, a P/E ratio of 16.03 and a beta of 0.08.
Several research analysts have recently commented on ESCA shares. Zacks Investment Research raised shares of Escalade from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. TheStreet lowered shares of Escalade from a “b” rating to a “c+” rating in a report on Friday, April 21st. Finally, ValuEngine upgraded shares of Escalade from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th.
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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