D. E. Shaw & Co. Inc. Trims Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

D. E. Shaw & Co. Inc. cut its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,764 shares of the company’s stock after selling 30,741 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.66% of JAKKS Pacific worth $2,048,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in JAKKS Pacific during the fourth quarter worth about $89,000. Wells Fargo & Company MN raised its stake in 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 purchasing an additional 1,105 shares during the period. Lynch Asset Management Inc. purchased a new position in JAKKS Pacific during the fourth quarter worth about $204,000. BNP Paribas Financial Markets acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $207,000. Finally, Metis Global Partners LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $208,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Price Performance

Shares of JAKK opened at $20.84 on Wednesday. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The stock has a market cap of $232.28 million, a PE ratio of 6.92 and a beta of 1.02. The firm has a 50-day simple moving average of $21.19 and a two-hundred day simple moving average of $26.06.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results 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 company had revenue of $130.74 million for the quarter, compared to analyst estimates of $131.07 million. As a group, sell-side analysts expect that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from JAKKS Pacific’s previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 24.57%.

Insider Buying and Selling at JAKKS Pacific

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the acquisition, the insider now owns 1,900,837 shares of the company’s stock, valued at approximately $49,402,753.63. This trade represents a 0.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen G. Berman sold 40,000 shares of JAKKS Pacific stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $22.02, for a total transaction of $880,800.00. Following the completion of the transaction, the chief executive officer now owns 267,042 shares of the company’s stock, valued at $5,880,264.84. This trade represents a 13.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% 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.