Man Group plc Takes Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Man Group plc bought a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,653 shares of the company’s stock, valued at approximately $469,000. Man Group plc owned 0.15% of JAKKS Pacific as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in JAKKS Pacific by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company’s stock worth $15,441,000 after acquiring an additional 55,176 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in JAKKS Pacific by 23.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company’s stock worth $8,045,000 after acquiring an additional 54,899 shares during the period. Bastion Asset Management Inc. acquired a new stake in JAKKS Pacific during the fourth quarter worth about $7,531,000. Renaissance Technologies LLC grew its holdings in JAKKS Pacific by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 265,618 shares of the company’s stock worth $7,477,000 after acquiring an additional 42,100 shares during the period. Finally, Monimus Capital Management LP acquired a new stake in JAKKS Pacific during the fourth quarter worth about $6,189,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 1,900,837 shares of the company’s stock, valued at $49,402,753.63. This trade represents a 0.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen G. Berman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $22.20, for a total value of $777,000.00. Following the transaction, the chief executive officer now owns 190,539 shares in the company, valued at $4,229,965.80. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

JAKKS Pacific Stock Down 1.3%

JAKKS Pacific stock opened at $19.90 on Tuesday. The firm has a market cap of $221.81 million, a price-to-earnings ratio of 6.61 and a beta of 1.02. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79. The business’s 50-day moving average price is $20.80 and its 200 day moving average price is $25.75.

JAKKS Pacific Increases Dividend

The firm 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 represents a $1.00 dividend on an annualized basis and a yield of 5.03%. This is an increase from JAKKS Pacific’s previous quarterly dividend of $0.07. JAKKS Pacific’s dividend payout ratio is currently 24.57%.

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.