JPMorgan Chase & Co. Sells 29,033 Shares of JAKKS Pacific, Inc. $JAKK

JPMorgan Chase & Co. decreased its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,335 shares of the company’s stock after selling 29,033 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of JAKKS Pacific worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in JAKKS Pacific during the 3rd quarter valued at approximately $25,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in JAKKS Pacific during the 3rd quarter valued at approximately $46,000. Quarry LP acquired a new position in JAKKS Pacific during the 3rd quarter valued at approximately $51,000. BNP Paribas Financial Markets increased its stake in JAKKS Pacific by 155.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after purchasing an additional 1,871 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in JAKKS Pacific by 235.6% during the 3rd quarter. New York State Common Retirement Fund now owns 8,262 shares of the company’s stock valued at $155,000 after purchasing an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

JAKK has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Two equities 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 Price Performance

JAKK stock opened at $21.70 on Thursday. The firm’s fifty day simple moving average is $20.15 and its 200-day simple moving average is $18.53. The company has a market capitalization of $248.25 million, a P/E ratio of 25.53 and a beta of 1.65. JAKKS Pacific, Inc. has a 12 month low of $14.86 and a 12 month high of $23.60.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.46) EPS for the quarter. The business had revenue of $127.11 million during the quarter. JAKKS Pacific had a net margin of 1.73% and a return on equity of 3.85%. As a group, sell-side analysts forecast that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, February 27th. JAKKS Pacific’s dividend payout ratio is 117.65%.

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.