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

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen acquired 15,165 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Trading Up 6.3 %

Shares of JAKKS Pacific stock opened at $26.14 on Tuesday. The company has a market cap of $291.36 million, a P/E ratio of 8.68 and a beta of 2.15. The business has a 50-day moving average price of $28.71 and a two-hundred day moving average price of $27.60. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79.

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

JAKKS Pacific Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s payout ratio is 33.22%.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors have recently made changes to their positions in the stock. Corsair Capital Management L.P. increased its position in JAKKS Pacific by 31.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company’s stock valued at $537,000 after buying an additional 5,000 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in JAKKS Pacific in the third quarter valued at approximately $2,787,000. Philosophy Capital Management LLC bought a new stake in shares of JAKKS Pacific during the third quarter valued at approximately $7,105,000. State Street Corp raised its position 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 period. Finally, Barclays PLC lifted its holdings in shares of JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

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.