JAKKS Pacific, Inc. (NASDAQ:JAKK) Sees Significant Increase in Short Interest

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 295,300 shares, a growth of 30.1% from the March 15th total of 226,900 shares. Based on an average daily volume of 147,000 shares, the short-interest ratio is currently 2.0 days. Approximately 2.8% of the shares of the company are short sold.

JAKKS Pacific Stock Up 2.4 %

JAKK stock opened at $18.84 on Monday. The stock has a 50-day simple moving average of $25.19 and a two-hundred day simple moving average of $27.06. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $35.79. The firm has a market capitalization of $209.99 million, a PE ratio of 6.26 and a beta of 1.87.

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 firm had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $131.07 million. On average, equities research analysts anticipate that JAKKS Pacific will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. JAKKS Pacific’s dividend payout ratio is 33.22%.

Insider Transactions at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was purchased at an average cost of $25.99 per share, with a total value of $394,138.35. Following the completion of the acquisition, the insider now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bastion Asset Management Inc. bought a new stake in JAKKS Pacific during the fourth quarter valued at approximately $7,531,000. Monimus Capital Management LP purchased a new position in JAKKS Pacific in the fourth quarter worth $6,189,000. Marshall Wace LLP bought a new position in JAKKS Pacific in the fourth quarter valued at $2,887,000. JPMorgan Chase & Co. raised its position in JAKKS Pacific by 2,093.3% during the fourth quarter. JPMorgan Chase & Co. now owns 76,062 shares of the company’s stock valued at $2,141,000 after purchasing an additional 72,594 shares in the last quarter. Finally, Prospect Capital Advisors LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter worth about $1,904,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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.