JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 295,300 shares, an increase of 30.1% from the March 15th total of 226,900 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 147,000 shares, the days-to-cover ratio is presently 2.0 days.

JAKKS Pacific Stock Up 3.8 %

Shares of JAKK stock traded up $0.71 on Wednesday, reaching $19.41. The company's stock had a trading volume of 101,413 shares, compared to its average volume of 107,288. The company has a market capitalization of $216.34 million, a P/E ratio of 6.45 and a beta of 1.87. The stock's 50 day simple moving average is $24.59 and its 200-day simple moving average is $26.95. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $35.79.

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

JAKKS Pacific Dividend Announcement

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

Insider Activity

In related news, major shareholder Lawrence I. Rosen bought 15,165 shares of JAKKS Pacific stock in a transaction 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 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JAKK. Heck Capital Advisors LLC purchased a new position in JAKKS Pacific in the 4th quarter worth $89,000. State of Wyoming bought a new position in shares of JAKKS Pacific during the fourth quarter valued at about $113,000. GAMMA Investing LLC increased its holdings in shares of JAKKS Pacific by 3,042.3% in the first quarter. GAMMA Investing LLC now owns 6,316 shares of the company's stock worth $156,000 after buying an additional 6,115 shares during the period. Wells Fargo & Company MN lifted its stake in shares of JAKKS Pacific by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock valued at $195,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in JAKKS Pacific by 31.7% during the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company's stock valued at $201,000 after acquiring an additional 1,721 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

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.