Gabelli Funds LLC Has $3.75 Million Stock Holdings in JAKKS Pacific, Inc. $JAKK

Gabelli Funds LLC boosted its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 46.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,492 shares of the company’s stock after buying an additional 59,473 shares during the period. Gabelli Funds LLC’s holdings in JAKKS Pacific were worth $3,755,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JAKK. AQR Capital Management LLC boosted its holdings in JAKKS Pacific by 67.9% in the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after acquiring an additional 56,873 shares in the last quarter. Empowered Funds LLC increased 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 valued at $1,510,000 after acquiring an additional 4,071 shares in the last quarter. Geode Capital Management LLC raised its position in shares of JAKKS Pacific by 5.6% during the second quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock worth $4,514,000 after purchasing an additional 11,469 shares during the period. JPMorgan Chase & Co. raised its position in shares of JAKKS Pacific by 16.4% during the second quarter. JPMorgan Chase & Co. now owns 46,368 shares of the company’s stock worth $964,000 after purchasing an additional 6,538 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of JAKKS Pacific by 155.3% in the 2nd quarter. Hsbc Holdings PLC now owns 23,480 shares of the company’s stock worth $489,000 after purchasing an additional 14,284 shares in the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $26.63 on Wednesday. The firm has a market cap of $304.65 million, a price-to-earnings ratio of 19.16 and a beta of 1.44. JAKKS Pacific, Inc. has a 52 week low of $14.86 and a 52 week high of $26.75. The firm’s 50-day simple moving average is $22.85 and its two-hundred day simple moving average is $21.22.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. The firm had revenue of $106.68 million during the quarter, compared to the consensus estimate of $103.80 million. Analysts forecast that JAKKS Pacific, Inc. will post 1.64 earnings per share for the current year.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 3.8%. JAKKS Pacific’s dividend payout ratio is presently 71.94%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JAKK. Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Wall Street Zen upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

JAKKS Pacific Profile

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.