Acadian Asset Management LLC Buys 12,383 Shares of JAKKS Pacific, Inc. $JAKK

Acadian Asset Management LLC raised its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 13.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 106,474 shares of the company’s stock after purchasing an additional 12,383 shares during the period. Acadian Asset Management LLC owned 0.95% of JAKKS Pacific worth $2,211,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JAKK. Philosophy Capital Management LLC grew its stake in JAKKS Pacific by 3.5% during the first quarter. Philosophy Capital Management LLC now owns 332,594 shares of the company’s stock worth $8,205,000 after purchasing an additional 11,275 shares during the period. AQR Capital Management LLC lifted its holdings in shares of JAKKS Pacific by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after purchasing an additional 56,873 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of JAKKS Pacific by 70.7% during the first quarter. Anson Funds Management LP now owns 95,182 shares of the company’s stock valued at $2,348,000 after buying an additional 39,414 shares during the last quarter. Empowered Funds LLC increased its position in shares of JAKKS Pacific by 7.1% during the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock worth $1,510,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Islay Capital Management LLC bought a new stake in JAKKS Pacific during the 1st quarter worth approximately $1,149,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $16.66 on Friday. The firm’s 50 day simple moving average is $18.16 and its two-hundred day simple moving average is $19.02. JAKKS Pacific, Inc. has a one year low of $15.50 and a one year high of $35.79. The stock has a market capitalization of $187.76 million, a P/E ratio of 4.91 and a beta of 1.42.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Friday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $3.14 by ($1.40). JAKKS Pacific had a return on equity of 15.13% and a net margin of 5.62%.The firm had revenue of $211.21 million during the quarter, compared to analysts’ expectations of $228.24 million. As a group, equities analysts expect that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, November 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, November 28th. JAKKS Pacific’s payout ratio is 204.08%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JAKK. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific currently has a consensus rating of “Hold”.

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.