JAKKS Pacific, Inc. $JAKK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,196 shares of the company’s stock after selling 1,490 shares during the period. Hsbc Holdings PLC owned 0.08% of JAKKS Pacific worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in JAKKS Pacific in the first quarter valued at $271,000. Ameriprise Financial Inc. boosted its stake in JAKKS Pacific by 71.5% in the fourth quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company’s stock valued at $3,114,000 after acquiring an additional 46,102 shares in the last quarter. Prospect Capital Advisors LLC purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $1,904,000. Man Group plc purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $469,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of JAKKS Pacific in the first quarter valued at about $391,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

JAKKS Pacific Stock Down 0.8%

NASDAQ JAKK opened at $17.60 on Friday. The stock has a market capitalization of $196.24 million, a P/E ratio of 5.19 and a beta of 1.37. JAKKS Pacific, Inc. has a 52-week low of $16.24 and a 52-week high of $35.79. The firm has a 50-day moving average price of $18.54 and a 200 day moving average price of $20.95.

JAKKS Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $0.25 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.00 annualized dividend and a dividend yield of 5.7%. JAKKS Pacific’s dividend payout ratio is currently 29.50%.

JAKKS Pacific 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.