Bank of New York Mellon Corp Grows Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bank of New York Mellon Corp lifted its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,989 shares of the company’s stock after purchasing an additional 831 shares during the quarter. Bank of New York Mellon Corp’s holdings in JAKKS Pacific were worth $1,632,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Philosophy Capital Management LLC purchased a new stake in shares of JAKKS Pacific during the third quarter worth approximately $7,105,000. Geode Capital Management LLC raised its stake in shares of JAKKS Pacific by 6.9% during the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after purchasing an additional 12,809 shares during the last quarter. State Street Corp raised its stake in shares of JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock worth $3,777,000 after purchasing an additional 5,901 shares during the last quarter. Portolan Capital Management LLC purchased a new stake in shares of JAKKS Pacific during the third quarter worth approximately $2,787,000. Finally, Empowered Funds LLC raised its stake in shares of JAKKS Pacific by 5.0% during the fourth quarter. Empowered Funds LLC now owns 57,157 shares of the company’s stock worth $1,609,000 after purchasing an additional 2,744 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Price Performance

Shares of JAKK stock opened at $24.59 on Friday. The business’s fifty day moving average price is $28.74 and its 200 day moving average price is $27.56. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The firm has a market capitalization of $274.08 million, a PE ratio of 8.17 and a beta of 2.15.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data 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). JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. The business had revenue of $130.74 million for the quarter, compared to analyst estimates of $131.07 million. Equities research analysts expect that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The firm 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 is presently 33.22%.

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.