Arrowstreet Capital Limited Partnership Purchases Shares of 46,176 JAKKS Pacific, Inc. (NASDAQ:JAKK)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,176 shares of the company's stock, valued at approximately $1,300,000. Arrowstreet Capital Limited Partnership owned 0.42% of JAKKS Pacific as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JAKK. Bank of New York Mellon Corp lifted its holdings in JAKKS Pacific by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company's stock valued at $1,632,000 after acquiring an additional 831 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of JAKKS Pacific by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,449 shares of the company's stock worth $716,000 after buying an additional 1,258 shares during the last quarter. Koss Olinger Consulting LLC grew its position in JAKKS Pacific by 13.0% during the fourth quarter. Koss Olinger Consulting LLC now owns 22,609 shares of the company's stock valued at $636,000 after buying an additional 2,605 shares during the period. Empowered Funds LLC raised its position in JAKKS Pacific by 5.0% in the fourth quarter. Empowered Funds LLC now owns 57,157 shares of the company's stock worth $1,609,000 after acquiring an additional 2,744 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of JAKKS Pacific during the 4th quarter worth $89,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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JAKKS Pacific Trading Up 1.6 %

JAKKS Pacific stock traded up $0.30 during trading on Tuesday, reaching $19.11. The company had a trading volume of 91,910 shares, compared to its average volume of 106,038. The firm's 50-day simple moving average is $26.31 and its 200 day simple moving average is $27.25. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79. The firm has a market capitalization of $213.00 million, a price-to-earnings ratio of 6.35 and a beta of 1.87.

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

JAKKS Pacific Announces Dividend

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

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the business's stock in a transaction on Monday, March 24th. The stock was 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 of the company's stock, valued at approximately $49,402,753.63. This represents a 0.80 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.

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.