JAKKS Pacific, Inc. (NASDAQ:JAKK) Plans Quarterly Dividend of $0.25

JAKKS Pacific, Inc. (NASDAQ:JAKK) declared a quarterly dividend on Thursday, February 19th. Investors of record on Friday, February 27th will be given a dividend of 0.25 per share on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, February 27th.

JAKKS Pacific has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect JAKKS Pacific to earn $3.82 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.2%.

JAKKS Pacific Price Performance

JAKK traded up $4.40 during trading on Friday, reaching $22.56. 433,168 shares of the company’s stock were exchanged, compared to its average volume of 112,357. The company’s fifty day simple moving average is $17.86 and its 200-day simple moving average is $17.68. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $30.50. The stock has a market capitalization of $254.19 million, a P/E ratio of 46.08 and a beta of 1.61.

Institutional Trading of JAKKS Pacific

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of JAKKS Pacific by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after acquiring an additional 56,873 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of JAKKS Pacific by 7.1% during the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock worth $1,510,000 after purchasing an additional 4,071 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of JAKKS Pacific by 17.9% in the second quarter. Kovack Advisors Inc. now owns 10,283 shares of the company’s stock valued at $214,000 after buying an additional 1,563 shares during the period. Aviva PLC bought a new position in JAKKS Pacific in the 2nd quarter valued at approximately $469,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in JAKKS Pacific by 88.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,582 shares of the company’s stock worth $594,000 after buying an additional 13,450 shares during the period. Institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.