JAKKS Pacific, Inc. (NASDAQ:JAKK) Major Shareholder Sells $4,629,840.00 in Stock

JAKKS Pacific, Inc. (NASDAQ:JAKKGet Rating) major shareholder Benefit Street Partners Llc sold 202,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $22.92, for a total transaction of $4,629,840.00. Following the sale, the insider now directly owns 1,274,524 shares of the company’s stock, valued at $29,212,090.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Benefit Street Partners Llc also recently made the following trade(s):

  • On Monday, August 1st, Benefit Street Partners Llc sold 85,000 shares of JAKKS Pacific stock. The shares were sold at an average price of $22.54, for a total transaction of $1,915,900.00.

JAKKS Pacific Trading Down 9.9 %

JAKKS Pacific stock opened at $24.09 on Friday. The firm’s 50-day moving average is $14.81 and its 200-day moving average is $13.76. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.97 and a current ratio of 1.47. JAKKS Pacific, Inc. has a 1 year low of $7.50 and a 1 year high of $27.00. The company has a market cap of $230.54 million, a P/E ratio of 4.17 and a beta of 2.35.

Analyst Upgrades and Downgrades

A number of research firms have commented on JAKK. StockNews.com upgraded shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 1st. BMO Capital Markets upgraded shares of JAKKS Pacific from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $15.00 to $21.00 in a research note on Tuesday, May 3rd. Finally, Jefferies Financial Group reduced their price objective on shares of JAKKS Pacific from $15.00 to $14.00 in a research note on Friday, July 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in shares of JAKKS Pacific in the 1st quarter worth about $208,000. Bank of New York Mellon Corp lifted its position in JAKKS Pacific by 11.2% in the 1st quarter. Bank of New York Mellon Corp now owns 19,545 shares of the company’s stock valued at $274,000 after purchasing an additional 1,972 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in JAKKS Pacific by 23.0% in the 1st quarter. Clear Harbor Asset Management LLC now owns 22,094 shares of the company’s stock valued at $310,000 after purchasing an additional 4,125 shares during the last quarter. CastleKnight Management LP bought a new stake in JAKKS Pacific in the 4th quarter valued at about $227,000. Finally, State Street Corp lifted its position in JAKKS Pacific by 8.0% in the 1st quarter. State Street Corp now owns 26,109 shares of the company’s stock valued at $366,000 after purchasing an additional 1,923 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.

About JAKKS Pacific

(Get Rating)

JAKKS Pacific, Inc develops, produces, markets, sells, and distributes toys, consumables, and electronics and related products worldwide. It operates in 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, inflatable environments, tents, and wagons.

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Insider Buying and Selling by Quarter for JAKKS Pacific (NASDAQ:JAKK)

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