Pacific Ridge Capital Partners LLC Acquires 65,156 Shares of JAKKS Pacific, Inc. $JAKK

Pacific Ridge Capital Partners LLC raised its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406,289 shares of the company’s stock after acquiring an additional 65,156 shares during the quarter. JAKKS Pacific makes up 1.5% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 25th largest holding. Pacific Ridge Capital Partners LLC’s holdings in JAKKS Pacific were worth $6,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SummerHaven Investment Management LLC purchased a new position in JAKKS Pacific during the third quarter valued at approximately $777,000. Bank of America Corp DE boosted its holdings in JAKKS Pacific by 105.6% in the 3rd quarter. Bank of America Corp DE now owns 28,383 shares of the company’s stock worth $532,000 after buying an additional 14,579 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in JAKKS Pacific in the 3rd quarter worth $46,000. Bridgeway Capital Management LLC raised its holdings in JAKKS Pacific by 8.9% during the third quarter. Bridgeway Capital Management LLC now owns 169,664 shares of the company’s stock valued at $3,178,000 after acquiring an additional 13,890 shares during the period. Finally, Denali Advisors LLC purchased a new position in JAKKS Pacific in the 3rd quarter worth approximately $343,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $22.52 on Tuesday. JAKKS Pacific, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $24.45. The stock’s fifty day moving average is $21.16 and its 200 day moving average is $18.94. The firm has a market capitalization of $257.63 million, a PE ratio of 32.64 and a beta of 1.50.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The company had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. Equities analysts forecast that JAKKS Pacific, Inc. will post 2.39 EPS for the current year.

JAKKS Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th. JAKKS Pacific’s dividend payout ratio (DPR) is 144.93%.

Analyst Upgrades and Downgrades

JAKK has been the subject of a number of research analyst reports. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About JAKKS Pacific

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.