Bank of New York Mellon Corp Boosts Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bank of New York Mellon Corp increased its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,989 shares of the company’s stock after purchasing an additional 831 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.53% of JAKKS Pacific worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JAKK. Heck Capital Advisors LLC purchased a new stake in JAKKS Pacific during the fourth quarter worth approximately $89,000. Lynch Asset Management Inc. purchased a new stake in JAKKS Pacific during the fourth quarter worth approximately $204,000. Hohimer Wealth Management LLC purchased a new stake in JAKKS Pacific during the third quarter worth approximately $230,000. Barclays PLC lifted its stake in JAKKS Pacific by 62.1% during the third quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares during the last quarter. Finally, Corsair Capital Management L.P. lifted its stake in JAKKS Pacific by 31.2% during the third quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company’s stock worth $537,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Down 1.8 %

JAKK stock opened at $24.59 on Friday. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The business has a 50 day moving average price of $28.74 and a 200 day moving average price of $27.56. The stock has a market cap of $274.08 million, a price-to-earnings ratio of 8.17 and a beta of 2.15.

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

JAKKS Pacific Dividend Announcement

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

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.