JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.91 and traded as high as $22.15. JAKKS Pacific shares last traded at $21.86, with a volume of 171,012 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JAKK. Wall Street Zen raised JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, JAKKS Pacific has a consensus rating of “Reduce”.

JAKKS Pacific Stock Down 1.4%

The stock has a 50 day moving average of $18.55 and a 200 day moving average of $17.91. The company has a market capitalization of $246.36 million, a price-to-earnings ratio of 25.72 and a beta of 1.61.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. JAKKS Pacific’s dividend payout ratio is 117.65%.

Institutional Trading of JAKKS Pacific

A number of institutional investors have recently bought and sold shares of the company. Aviva PLC acquired a new position in shares of JAKKS Pacific in the 2nd quarter valued at about $469,000. Acadian Asset Management LLC increased its holdings in JAKKS Pacific by 13.2% in the second quarter. Acadian Asset Management LLC now owns 106,474 shares of the company’s stock worth $2,211,000 after purchasing an additional 12,383 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in JAKKS Pacific in the second quarter worth approximately $530,000. Gratia Capital LLC acquired a new position in JAKKS Pacific in the second quarter valued at approximately $3,116,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of JAKKS Pacific by 328.1% during the 2nd quarter. Squarepoint Ops LLC now owns 45,508 shares of the company’s stock worth $946,000 after buying an additional 34,879 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.