Gate City Capital Management LLC Has $13.21 Million Stake in JAKKS Pacific, Inc. $JAKK

Gate City Capital Management LLC lifted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 47.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 782,717 shares of the company’s stock after purchasing an additional 252,337 shares during the period. JAKKS Pacific accounts for 5.7% of Gate City Capital Management LLC’s holdings, making the stock its 7th biggest position. Gate City Capital Management LLC owned approximately 0.07% of JAKKS Pacific worth $13,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JAKK. AQR Capital Management LLC grew its stake in shares of JAKKS Pacific by 67.9% in the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after acquiring an additional 56,873 shares during the period. Empowered Funds LLC grew its stake in shares of JAKKS Pacific by 7.1% in the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock worth $1,510,000 after acquiring an additional 4,071 shares during the period. Geode Capital Management LLC grew its stake in shares of JAKKS Pacific by 5.6% in the second quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock worth $4,514,000 after acquiring an additional 11,469 shares during the period. JPMorgan Chase & Co. grew its stake in shares of JAKKS Pacific by 16.4% in the second quarter. JPMorgan Chase & Co. now owns 46,368 shares of the company’s stock worth $964,000 after acquiring an additional 6,538 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of JAKKS Pacific by 155.3% in the second quarter. Hsbc Holdings PLC now owns 23,480 shares of the company’s stock worth $489,000 after acquiring an additional 14,284 shares during the period. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Price Performance

Shares of NASDAQ:JAKK opened at $21.94 on Wednesday. JAKKS Pacific, Inc. has a 1-year low of $14.86 and a 1-year high of $24.45. The company has a market capitalization of $250.99 million, a P/E ratio of 31.80 and a beta of 1.47. The firm’s 50 day simple moving average is $22.06 and its two-hundred day simple moving average is $19.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The business had revenue of $106.68 million for the quarter, compared to the consensus estimate of $103.80 million. On average, sell-side analysts anticipate that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.00 annualized dividend and a yield of 4.6%. JAKKS Pacific’s payout ratio is currently 144.93%.

Analyst Ratings Changes

A number of analysts have recently commented on JAKK shares. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

JAKKS Pacific Company 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.