Franklin Resources Inc. Sells 416,420 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Franklin Resources Inc. lessened its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 96.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,473 shares of the company's stock after selling 416,420 shares during the period. Franklin Resources Inc. owned approximately 0.13% of JAKKS Pacific worth $407,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in JAKKS Pacific in the fourth quarter worth $89,000. Lynch Asset Management Inc. purchased a new position in shares of JAKKS Pacific in the 4th quarter worth about $204,000. Metis Global Partners LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter worth about $208,000. Commonwealth Equity Services LLC purchased a new stake in JAKKS Pacific during the fourth quarter worth about $219,000. Finally, Proficio Capital Partners LLC purchased a new stake in JAKKS Pacific during the fourth quarter worth about $230,000. 44.38% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Lawrence I. Rosen acquired 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, with a total value of $394,138.35. Following the acquisition, the insider now owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. This trade represents a 0.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock traded up $0.44 on Friday, reaching $18.84. 113,846 shares of the company traded hands, compared to its average volume of 106,385. The firm has a market capitalization of $209.99 million, a PE ratio of 6.26 and a beta of 1.87. The company has a 50 day moving average of $25.19 and a 200 day moving average of $27.05. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its earnings results 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). The business had revenue of $130.74 million during the quarter, compared to analysts' expectations of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. As a group, analysts anticipate that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. JAKKS Pacific's payout ratio is currently 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.