Stephen G. Berman Sells 35,000 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Stephen G. Berman sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $22.20, for a total transaction of $777,000.00. Following the completion of the transaction, the chief executive officer now directly owns 190,539 shares in the company, valued at $4,229,965.80. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

JAKKS Pacific Trading Down 3.4%

Shares of JAKKS Pacific stock opened at $21.34 on Friday. The firm has a market capitalization of $237.86 million, a PE ratio of 7.09 and a beta of 1.02. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $35.79. The firm’s 50-day moving average price is $21.44 and its 200 day moving average price is $26.25.

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

JAKKS Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.25 dividend. This is an increase from JAKKS Pacific’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. JAKKS Pacific’s dividend payout ratio is presently 24.57%.

Institutional Trading of JAKKS Pacific

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in JAKKS Pacific by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company’s stock valued at $15,441,000 after acquiring an additional 55,176 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in JAKKS Pacific by 23.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company’s stock valued at $8,045,000 after acquiring an additional 54,899 shares during the last quarter. Bastion Asset Management Inc. acquired a new stake in JAKKS Pacific in the 4th quarter valued at about $7,531,000. Renaissance Technologies LLC raised its holdings in JAKKS Pacific by 18.8% in the 4th quarter. Renaissance Technologies LLC now owns 265,618 shares of the company’s stock valued at $7,477,000 after acquiring an additional 42,100 shares during the last quarter. Finally, Monimus Capital Management LP acquired a new stake in JAKKS Pacific in the 4th quarter valued at about $6,189,000. 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.