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
(
Get 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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