JAKKS Pacific (NASDAQ:JAKK) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.25 and traded as high as $20.87. JAKKS Pacific shares last traded at $20.02, with a volume of 68,366 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen upgraded 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, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

JAKKS Pacific Stock Performance

The firm has a market cap of $229.03 million, a P/E ratio of 23.55 and a beta of 1.58. The company’s 50 day moving average is $19.55 and its 200 day moving average is $18.25.

JAKKS Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, February 27th. JAKKS Pacific’s dividend payout ratio is presently 117.65%.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in JAKKS Pacific by 43.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $924,000. Invesco Ltd. grew its holdings in shares of JAKKS Pacific by 9.3% during the fourth quarter. Invesco Ltd. now owns 26,772 shares of the company’s stock worth $452,000 after purchasing an additional 2,274 shares during the last quarter. Sandia Investment Management LP grew its holdings in shares of JAKKS Pacific by 47.5% during the fourth quarter. Sandia Investment Management LP now owns 16,236 shares of the company’s stock worth $274,000 after purchasing an additional 5,225 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of JAKKS Pacific by 56.7% in the fourth quarter. Kovack Advisors Inc. now owns 23,246 shares of the company’s stock valued at $392,000 after buying an additional 8,408 shares during the period. Institutional investors and hedge funds 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.