JAKKS Pacific, Inc. (NASDAQ:JAKK) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 79.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,709 shares of the company’s stock after purchasing an additional 6,533 shares during the period. Millennium Management LLC owned about 0.13% of JAKKS Pacific worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its holdings in shares of JAKKS Pacific by 93.7% in the fourth quarter. Lazard Asset Management LLC now owns 7,522 shares of the company’s stock valued at $211,000 after acquiring an additional 3,639 shares during the period. Deutsche Bank AG lifted its holdings in shares of JAKKS Pacific by 31.7% in the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock valued at $201,000 after purchasing an additional 1,721 shares in the last quarter. Bridgeway Capital Management LLC increased its position in JAKKS Pacific by 7.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 150,219 shares of the company’s stock worth $4,229,000 after purchasing an additional 10,916 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in JAKKS Pacific during the 4th quarter worth about $7,531,000. Finally, Bank of America Corp DE increased its position in JAKKS Pacific by 124.6% during the 4th quarter. Bank of America Corp DE now owns 18,638 shares of the company’s stock worth $525,000 after purchasing an additional 10,339 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Trading Up 0.4%

Shares of NASDAQ:JAKK opened at $21.76 on Tuesday. The firm has a market cap of $242.54 million, a price-to-earnings ratio of 7.23 and a beta of 1.09. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $35.79. The stock’s 50-day moving average price is $19.91 and its two-hundred day moving average price is $25.22.

JAKKS Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.25 dividend. This is a positive change from JAKKS Pacific’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, May 30th. JAKKS Pacific’s payout ratio is 24.57%.

Insider Transactions at JAKKS Pacific

In other news, CEO Stephen G. Berman sold 35,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $22.20, for a total transaction of $777,000.00. Following the sale, the chief executive officer now owns 190,539 shares in the company, valued at approximately $4,229,965.80. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lawrence I. Rosen bought 15,165 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $25.99 per share, for a total transaction 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. The trade was a 0.80% increase in their position. The disclosure for this purchase can be found here. Corporate 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.