109,203 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Bought by Portolan Capital Management LLC

Portolan Capital Management LLC bought a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 109,203 shares of the company's stock, valued at approximately $2,787,000. Portolan Capital Management LLC owned about 0.99% of JAKKS Pacific as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JAKK. Corsair Capital Management L.P. boosted its holdings in shares of JAKKS Pacific by 31.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company's stock worth $537,000 after purchasing an additional 5,000 shares during the period. Banque Cantonale Vaudoise purchased a new position in JAKKS Pacific during the third quarter worth $317,000. Empowered Funds LLC increased its position in JAKKS Pacific by 5.2% during the third quarter. Empowered Funds LLC now owns 54,413 shares of the company's stock valued at $1,389,000 after acquiring an additional 2,680 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of JAKKS Pacific by 5.8% in the third quarter. Kovack Advisors Inc. now owns 19,100 shares of the company's stock valued at $487,000 after acquiring an additional 1,050 shares during the period. Finally, Creative Planning purchased a new stake in shares of JAKKS Pacific in the second quarter valued at $527,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on JAKK. B. Riley upped their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Maxim Group began coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a "buy" rating and a $46.00 price target on the stock. Finally, StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $41.67.

Insiders Place Their Bets

In other news, CFO John Louis Kimble sold 48,253 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the sale, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company's stock.

JAKKS Pacific Stock Performance

JAKKS Pacific stock traded up $0.19 during trading hours on Thursday, hitting $28.85. The company had a trading volume of 38,286 shares, compared to its average volume of 102,740. The firm has a market cap of $317.06 million, a P/E ratio of 10.61 and a beta of 2.22. The company has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $23.05. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The firm had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. As a group, equities research analysts anticipate that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

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.