Commonwealth Equity Services LLC Makes New Investment in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Commonwealth Equity Services LLC bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,780 shares of the company’s stock, valued at approximately $219,000. Commonwealth Equity Services LLC owned 0.07% of JAKKS Pacific at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of JAKKS Pacific by 4.2% during the 3rd quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after buying an additional 5,901 shares during the period. Barclays PLC raised its holdings in shares of 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 acquiring an additional 6,526 shares in the last quarter. Geode Capital Management LLC boosted its position in JAKKS Pacific by 6.9% during the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock valued at $5,057,000 after purchasing an additional 12,809 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in JAKKS Pacific in the third quarter valued at about $230,000. Finally, Evernest Financial Advisors LLC acquired a new position in JAKKS Pacific in the 4th quarter worth about $1,437,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock opened at $20.55 on Thursday. The stock has a 50-day simple moving average of $27.04 and a 200-day simple moving average of $27.37. JAKKS Pacific, Inc. has a 52-week low of $17.06 and a 52-week high of $35.79. The firm has a market cap of $229.05 million, a price-to-earnings ratio of 6.83 and a beta of 1.87.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, February 20th. The company reported ($0.88) 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 the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current year.

JAKKS Pacific Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. JAKKS Pacific’s dividend payout ratio (DPR) is currently 33.22%.

Insider Buying and Selling at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were bought at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the acquisition, the insider now owns 1,900,837 shares in the company, valued at $49,402,753.63. This trade represents a 0.80 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% 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.