JAKKS Pacific (NASDAQ:JAKK) Upgraded at Zacks Research

Zacks Research upgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Separately, Wall Street Zen raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific has an average rating of “Hold”.

JAKKS Pacific Price Performance

Shares of JAKK opened at $20.42 on Monday. The company’s fifty day moving average price is $19.16 and its 200-day moving average price is $18.09. JAKKS Pacific has a 1-year low of $14.86 and a 1-year high of $26.49. The firm has a market capitalization of $233.60 million, a PE ratio of 24.02 and a beta of 1.58.

JAKKS Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, February 27th. JAKKS Pacific’s dividend payout ratio is 117.65%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC acquired a new position in JAKKS Pacific during the third quarter valued at $6,812,000. Thompson Siegel & Walmsley LLC acquired a new stake in JAKKS Pacific during the 4th quarter worth about $5,494,000. Gate City Capital Management LLC raised its stake in shares of JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after buying an additional 252,337 shares during the last quarter. Gratia Capital LLC purchased a new position in shares of JAKKS Pacific during the 2nd quarter valued at about $3,116,000. Finally, Gabelli Funds LLC acquired a new position in shares of JAKKS Pacific in the 4th quarter valued at about $2,178,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

About JAKKS Pacific

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.