Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,892 shares of the company's stock, valued at approximately $447,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of JAKKS Pacific as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in JAKKS Pacific by 1.5% during 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 buying an additional 831 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of JAKKS Pacific by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,449 shares of the company's stock worth $716,000 after acquiring an additional 1,258 shares in the last quarter. Empowered Funds LLC lifted its position in JAKKS Pacific by 5.0% during the 4th quarter. Empowered Funds LLC now owns 57,157 shares of the company's stock valued at $1,609,000 after acquiring an additional 2,744 shares during the period. Heck Capital Advisors LLC bought a new stake in JAKKS Pacific during the fourth quarter worth about $89,000. Finally, Corsair Capital Management L.P. boosted its stake in JAKKS Pacific by 31.2% during the third quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company's stock worth $537,000 after acquiring an additional 5,000 shares in the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.
JAKKS Pacific Stock Down 1.3 %
Shares of NASDAQ JAKK traded down $0.34 on Wednesday, reaching $25.52. 71,264 shares of the company's stock traded hands, compared to its average volume of 103,891. The business's 50 day simple moving average is $28.69 and its two-hundred day simple moving average is $27.62. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $35.79. The company has a market cap of $284.45 million, a price-to-earnings ratio of 8.48 and a beta of 2.15.
JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted 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). 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%. Analysts forecast that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.
JAKKS Pacific Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. JAKKS Pacific's dividend payout ratio is currently 33.22%.
Insider Activity at JAKKS Pacific
In related news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the company'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 acquisition, the insider now directly owns 1,900,837 shares in the company, valued at $49,402,753.63. The trade was a 0.80 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by insiders.
About JAKKS Pacific
(
Free Report)
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.
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