Commonwealth Equity Services LLC Acquires New Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Commonwealth Equity Services LLC bought a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the fourth quarter, HoldingsChannel.com reports. The firm bought 7,780 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors also recently modified their holdings of JAKK. State Street Corp increased its stake in JAKKS Pacific by 4.2% in the third quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after purchasing an additional 5,901 shares in the last quarter. Barclays PLC increased its position in shares of JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock valued at $435,000 after buying an additional 6,526 shares in the last quarter. Geode Capital Management LLC raised its stake in JAKKS Pacific by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after buying an additional 12,809 shares during the period. Hohimer Wealth Management LLC acquired a new stake in JAKKS Pacific during the 3rd quarter worth $230,000. Finally, Evernest Financial Advisors LLC acquired a new position in JAKKS Pacific in the fourth quarter valued at about $1,437,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the purchase, the insider now owns 1,900,837 shares in the company, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $20.55 on Thursday. The business’s 50-day simple moving average is $27.04 and its 200-day simple moving average is $27.37. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The stock has a market capitalization of $229.05 million, a PE ratio of 6.83 and a beta of 1.87.

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

JAKKS Pacific Dividend Announcement

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

JAKKS Pacific 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.