Renaissance Technologies LLC Has $2.44 Million Position in JAKKS Pacific, Inc. $JAKK

Renaissance Technologies LLC lessened its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 24.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,318 shares of the company’s stock after selling 39,200 shares during the period. Renaissance Technologies LLC’s holdings in JAKKS Pacific were worth $2,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC lifted its stake in JAKKS Pacific by 46.1% in the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock worth $3,755,000 after acquiring an additional 59,473 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in JAKKS Pacific by 79.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock valued at $2,091,000 after acquiring an additional 46,322 shares in the last quarter. Sei Investments Co. lifted its position in shares of JAKKS Pacific by 34.4% in the first quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock worth $358,000 after purchasing an additional 4,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JAKKS Pacific by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock worth $11,344,000 after purchasing an additional 5,153 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in JAKKS Pacific by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock valued at $249,000 after purchasing an additional 1,288 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Down 0.7%

JAKK stock opened at $25.46 on Tuesday. The firm has a 50 day moving average of $23.52 and a two-hundred day moving average of $21.67. JAKKS Pacific, Inc. has a 12 month low of $14.86 and a 12 month high of $27.22. The company has a market capitalization of $291.26 million, a price-to-earnings ratio of 18.32 and a beta of 1.41.

JAKKS Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. JAKKS Pacific’s dividend payout ratio is currently 71.94%.

Analysts Set New Price Targets

JAKK has been the topic of several research reports. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 15th. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, JAKKS Pacific has an average 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.