Lawrence I. Rosen Buys 15,165 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen bought 15,165 shares of the stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the acquisition, the insider now directly owns 1,900,837 shares in the company, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $25.86 on Wednesday. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $35.79. The firm has a 50-day simple moving average of $28.69 and a two-hundred day simple moving average of $27.62. The company has a market cap of $288.24 million, a P/E ratio of 8.59 and a beta of 2.15.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83). The business had revenue of $130.74 million for the quarter, compared to the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. As a group, equities research analysts expect that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s payout ratio is presently 33.22%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in JAKKS Pacific in the 4th quarter worth about $89,000. State of Wyoming purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at approximately $113,000. Wells Fargo & Company MN grew its stake in JAKKS Pacific by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock worth $195,000 after purchasing an additional 1,105 shares in the last quarter. Deutsche Bank AG increased its holdings in JAKKS Pacific by 31.7% during the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock worth $201,000 after purchasing an additional 1,721 shares during the period. Finally, Lynch Asset Management Inc. purchased a new stake in shares of JAKKS Pacific in the 4th quarter worth $204,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.