JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Up 30.1% in March

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 295,300 shares, an increase of 30.1% from the March 15th total of 226,900 shares. Based on an average daily volume of 147,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.8% of the company’s shares are sold short.

JAKKS Pacific Stock Up 2.4 %

Shares of NASDAQ JAKK opened at $18.84 on Monday. JAKKS Pacific has a 12-month low of $17.06 and a 12-month high of $35.79. The firm has a market cap of $209.99 million, a PE ratio of 6.26 and a beta of 1.87. The company’s fifty day simple moving average is $25.19 and its 200 day simple moving average is $27.06.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.83). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The firm had revenue of $130.74 million for the quarter, compared to the consensus estimate of $131.07 million. On average, equities analysts predict that JAKKS Pacific will post 3.52 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. JAKKS Pacific’s payout ratio is presently 33.22%.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen bought 15,165 shares of the stock in a transaction on Monday, March 24th. The stock was acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the acquisition, the insider now owns 1,900,837 shares in the company, valued at $49,402,753.63. This trade represents a 0.80 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in shares of JAKKS Pacific in the fourth quarter worth approximately $89,000. State of Wyoming bought a new position in JAKKS Pacific during the 4th quarter valued at $113,000. GAMMA Investing LLC boosted its holdings in JAKKS Pacific by 3,042.3% during the 1st quarter. GAMMA Investing LLC now owns 6,316 shares of the company’s stock worth $156,000 after acquiring an additional 6,115 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of JAKKS Pacific by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock valued at $195,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in JAKKS Pacific by 31.7% in the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock valued at $201,000 after buying an additional 1,721 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

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.