Lawrence I. Rosen Acquires 15,165 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen acquired 15,165 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the purchase, the insider now owns 1,900,837 shares of the company’s stock, valued at $49,402,753.63. This trade represents a 0.80 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $25.48 on Friday. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The company has a 50 day simple moving average of $28.61 and a two-hundred day simple moving average of $27.59. The company has a market capitalization of $284.00 million, a PE ratio of 8.47 and a beta of 2.15.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83). The firm had revenue of $130.74 million for the quarter, compared to the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. Research analysts predict that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

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

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of JAKKS Pacific by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company’s stock worth $15,441,000 after buying an additional 55,176 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of JAKKS Pacific by 23.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company’s stock valued at $8,045,000 after acquiring an additional 54,899 shares during the period. Philosophy Capital Management LLC bought a new position in JAKKS Pacific during the third quarter worth $7,105,000. Bastion Asset Management Inc. acquired a new stake in JAKKS Pacific in the fourth quarter worth $7,531,000. Finally, Renaissance Technologies LLC increased its stake in JAKKS Pacific by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 265,618 shares of the company’s stock valued at $7,477,000 after purchasing an additional 42,100 shares in the last quarter. 44.38% of the stock is currently owned by 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.