BNP Paribas Financial Markets Makes New Investment in JAKKS Pacific, Inc. (NASDAQ:JAKK)

BNP Paribas Financial Markets purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,351 shares of the company’s stock, valued at approximately $207,000. BNP Paribas Financial Markets owned approximately 0.07% of JAKKS Pacific at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JAKK. Evernest Financial Advisors LLC bought a new stake in JAKKS Pacific during the fourth quarter worth approximately $1,437,000. Heck Capital Advisors LLC purchased a new stake in JAKKS Pacific during the 4th quarter valued at $89,000. Lynch Asset Management Inc. bought a new stake in JAKKS Pacific in the fourth quarter worth $204,000. Empowered Funds LLC boosted its stake in JAKKS Pacific by 5.0% during the fourth quarter. Empowered Funds LLC now owns 57,157 shares of the company’s stock worth $1,609,000 after buying an additional 2,744 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in JAKKS Pacific by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company’s stock worth $1,632,000 after buying an additional 831 shares during the period. 44.38% of the stock is owned by institutional investors.

JAKKS Pacific Stock Performance

JAKK opened at $20.70 on Friday. The stock’s 50 day moving average price is $20.52 and its 200-day moving average price is $25.61. JAKKS Pacific, Inc. has a one year low of $17.06 and a one year high of $35.79. The stock has a market cap of $230.72 million, a price-to-earnings ratio of 6.88 and a beta of 1.02.

JAKKS Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.25 dividend. This is an increase from JAKKS Pacific’s previous quarterly dividend of $0.07. 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 4.83%. JAKKS Pacific’s payout ratio is 24.57%.

Insiders Place Their Bets

In related news, CEO Stephen G. Berman sold 35,000 shares of JAKKS Pacific stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $22.20, for a total value of $777,000.00. Following the completion of the sale, the chief executive officer now directly owns 190,539 shares in the company, valued at $4,229,965.80. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Lawrence I. Rosen bought 15,165 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of $25.99 per share, with a total value of $394,138.35. Following the acquisition, the insider now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 3.90% of the stock is owned by company insiders.

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.