JAKKS Pacific, Inc. $JAKK Stake Increased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 79.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,983 shares of the company’s stock after acquiring an additional 46,322 shares during the period. Gamco Investors INC. ET AL owned 0.92% of JAKKS Pacific worth $2,091,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC grew its holdings in JAKKS Pacific by 19.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after acquiring an additional 65,156 shares in the last quarter. Gate City Capital Management LLC raised its stake in shares of JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after purchasing an additional 252,337 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $5,494,000. Corient Private Wealth LLC acquired a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $924,000. Finally, Gabelli Funds LLC bought a new position in shares of JAKKS Pacific during the fourth quarter worth about $2,178,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Finally, Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific currently has a consensus rating of “Hold”.

JAKKS Pacific Stock Up 5.8%

Shares of NASDAQ:JAKK opened at $25.92 on Tuesday. JAKKS Pacific, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $26.32. The firm has a 50-day simple moving average of $22.74 and a 200 day simple moving average of $21.16. The company has a market cap of $296.52 million, a PE ratio of 18.65 and a beta of 1.44.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. The firm had revenue of $106.68 million for the quarter, compared to analysts’ expectations of $103.80 million. As a group, research analysts forecast that JAKKS Pacific, Inc. will post 1.64 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 28th. JAKKS Pacific’s dividend payout ratio is presently 71.94%.

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.