JAKKS Pacific, Inc. (NASDAQ:JAKK) Major Shareholder Acquires $394,138.35 in Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen bought 15,165 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the transaction, the insider now owns 1,900,837 shares of the company’s stock, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Trading Down 0.2 %

JAKK stock opened at $25.48 on Friday. The firm has a 50-day moving average price of $28.61 and a 200-day moving average price of $27.59. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $35.79. The stock has a market capitalization of $284.00 million, a P/E ratio of 8.47 and a beta of 2.15.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.83). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The company had revenue of $130.74 million during the quarter, compared to the consensus estimate of $131.07 million. As a group, equities analysts predict that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s dividend payout ratio (DPR) is 33.22%.

Hedge Funds Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of JAKKS Pacific during the fourth quarter worth about $89,000. State of Wyoming acquired a new stake in JAKKS Pacific during the 4th quarter worth approximately $113,000. Wells Fargo & Company MN grew its holdings in JAKKS Pacific by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock worth $195,000 after acquiring an additional 1,105 shares during the last quarter. Deutsche Bank AG increased its position in JAKKS Pacific by 31.7% in the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock valued at $201,000 after acquiring an additional 1,721 shares during the period. Finally, Lynch Asset Management Inc. bought a new position in shares of JAKKS Pacific during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.