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

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) major shareholder Lawrence I. Rosen acquired 15,165 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $25.99 per share, with a total value of $394,138.35. Following the completion of the acquisition, the insider now directly owns 1,900,837 shares of the company's stock, valued at $49,402,753.63. This represents a 0.80 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Stock Down 3.6 %

NASDAQ JAKK traded down $0.92 during trading on Friday, hitting $24.56. The company's stock had a trading volume of 58,124 shares, compared to its average volume of 104,741. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79. The firm has a market cap of $273.75 million, a P/E ratio of 8.16 and a beta of 2.15. The firm has a 50 day moving average price of $28.61 and a 200 day moving average price of $27.59.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its quarterly earnings results 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). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The business had revenue of $130.74 million for the quarter, compared to analyst estimates of $131.07 million. On average, equities analysts expect that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current year.

JAKKS Pacific Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. JAKKS Pacific's payout ratio is presently 33.22%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JAKK. Bank of New York Mellon Corp raised its stake in shares of JAKKS Pacific by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company's stock worth $1,632,000 after purchasing an additional 831 shares in the last quarter. Wells Fargo & Company MN raised its stake in JAKKS Pacific by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock worth $195,000 after purchasing an additional 1,105 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in JAKKS Pacific by 5.2% during 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 in the last quarter. Geode Capital Management LLC grew its stake in JAKKS Pacific by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 199,606 shares of the company's stock worth $5,620,000 after buying an additional 1,460 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in JAKKS Pacific by 31.7% during the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company's stock worth $201,000 after purchasing an additional 1,721 shares during the last quarter. Institutional investors 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.