JAKKS Pacific, Inc. (NASDAQ:JAKK) Sees Large Increase in Short Interest

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large increase in short interest during the month of 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 short sold. Based on an average trading volume of 147,000 shares, the short-interest ratio is currently 2.0 days.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the business’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 transaction, the insider now owns 1,900,837 shares of the company’s stock, valued at approximately $49,402,753.63. This trade represents a 0.80 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JAKK. Heck Capital Advisors LLC acquired a new position in shares of JAKKS Pacific in the 4th quarter valued at $89,000. State of Wyoming bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $113,000. GAMMA Investing LLC raised its holdings in shares of JAKKS Pacific by 3,042.3% in the 1st quarter. GAMMA Investing LLC now owns 6,316 shares of the company’s stock worth $156,000 after buying an additional 6,115 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of JAKKS Pacific by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock worth $195,000 after buying an additional 1,105 shares during the period. Finally, Deutsche Bank AG boosted its stake in JAKKS Pacific by 31.7% in the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock valued at $201,000 after buying an additional 1,721 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Stock Up 2.4 %

Shares of JAKK stock traded up $0.44 during trading hours on Friday, reaching $18.84. 113,846 shares of the company’s stock were exchanged, compared to its average volume of 106,385. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The stock has a market capitalization of $209.99 million, a P/E ratio of 6.26 and a beta of 1.87. The business has a fifty day moving average price of $25.19 and a 200-day moving average price of $27.05.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly 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 analyst estimates of $131.07 million. As a group, research analysts expect that JAKKS Pacific will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. JAKKS Pacific’s payout ratio is presently 33.22%.

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.