JAKKS Pacific, Inc. (NASDAQ:JAKK) Major Shareholder Lawrence I. Rosen Acquires 15,165 Shares

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen bought 15,165 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was bought at an average cost 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 approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Trading Up 6.3 %

JAKK opened at $26.14 on Tuesday. The company has a market cap of $291.36 million, a P/E ratio of 8.68 and a beta of 2.15. The company’s 50 day moving average is $28.71 and its 200-day moving average is $27.60. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last posted its 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). The company had revenue of $130.74 million for the quarter, compared to the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. On average, equities analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. JAKKS Pacific’s dividend payout ratio (DPR) is currently 33.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 831 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of JAKKS Pacific by 19.0% during the fourth 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of JAKKS Pacific by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,449 shares of the company’s stock worth $716,000 after purchasing an additional 1,258 shares during the last quarter. Geode Capital Management LLC raised its position in JAKKS Pacific by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 199,606 shares of the company’s stock worth $5,620,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Deutsche Bank AG lifted 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 worth $201,000 after buying an additional 1,721 shares during the period. Institutional investors and hedge funds 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.