JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 450,100 shares, a growth of 6.9% from the May 31st total of 421,000 shares. Based on an average trading volume of 105,400 shares, the days-to-cover ratio is currently 4.3 days.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 10,088 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of $17.58 per share, with a total value of $177,347.04. Following the transaction, the insider now owns 1,885,672 shares of the company’s stock, valued at $33,150,113.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in JAKKS Pacific by 2.9% during the first quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the last quarter. LSV Asset Management increased its position in JAKKS Pacific by 40.3% during the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after buying an additional 60,977 shares during the period. Pacific Ridge Capital Partners LLC increased its position in JAKKS Pacific by 56.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after buying an additional 43,009 shares during the period. Hillsdale Investment Management Inc. increased its position in JAKKS Pacific by 35.7% during the first quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock worth $2,433,000 after buying an additional 25,900 shares during the period. Finally, Empowered Funds LLC increased its position in JAKKS Pacific by 7.8% during the first quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock worth $1,189,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JAKK. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Ascendiant Capital Markets dropped their target price on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 1st.

JAKKS Pacific Stock Performance

Shares of JAKK traded up $0.10 during midday trading on Tuesday, hitting $18.02. The company had a trading volume of 42,843 shares, compared to its average volume of 112,771. The company’s 50-day simple moving average is $18.60 and its 200-day simple moving average is $25.64. The firm has a market capitalization of $194.62 million, a P/E ratio of 6.63 and a beta of 2.37. JAKKS Pacific has a 1 year low of $15.30 and a 1 year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.91). The company had revenue of $90.08 million during the quarter, compared to analysts’ expectations of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.86%. Equities analysts predict that JAKKS Pacific will post 2.65 earnings per share for the current fiscal year.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.