Insider Buying: JAKKS Pacific, Inc. (NASDAQ:JAKK) Major Shareholder Buys 15,165 Shares of Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) major shareholder Lawrence I. Rosen purchased 15,165 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the completion of the purchase, the insider now directly owns 1,900,837 shares in the company, valued at $49,402,753.63. The trade was a 0.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

JAKKS Pacific Stock Down 1.3 %

Shares of JAKK opened at $25.52 on Thursday. The business has a 50-day simple moving average of $28.64 and a two-hundred day simple moving average of $27.60. The stock has a market cap of $284.45 million, a PE ratio of 8.48 and a beta of 2.15. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts expect that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s payout ratio is presently 33.22%.

Institutional Investors Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at approximately $89,000. State of Wyoming bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at $113,000. Wells Fargo & Company MN increased its position in shares of JAKKS Pacific by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock worth $195,000 after buying an additional 1,105 shares during the period. Deutsche Bank AG raised its stake in JAKKS Pacific by 31.7% during the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock worth $201,000 after buying an additional 1,721 shares during the last quarter. Finally, Lynch Asset Management Inc. acquired a new position in JAKKS Pacific in the fourth quarter valued at $204,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.