Anson Funds Management LP Sells 25,788 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Anson Funds Management LP cut its position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,768 shares of the company's stock after selling 25,788 shares during the quarter. Anson Funds Management LP owned about 0.51% of JAKKS Pacific worth $1,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in JAKKS Pacific by 62.1% during the third quarter. Barclays PLC now owns 17,037 shares of the company's stock valued at $435,000 after purchasing an additional 6,526 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of JAKKS Pacific by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company's stock valued at $5,057,000 after buying an additional 12,809 shares in the last quarter. Evernest Financial Advisors LLC bought a new position in JAKKS Pacific in the 4th quarter worth approximately $1,437,000. Heck Capital Advisors LLC bought a new position in JAKKS Pacific in the 4th quarter worth approximately $89,000. Finally, Lynch Asset Management Inc. bought a new stake in JAKKS Pacific during the 4th quarter valued at $204,000. Institutional investors own 44.38% of the company's stock.

JAKKS Pacific Price Performance

Shares of NASDAQ:JAKK traded down $0.57 during trading on Monday, hitting $18.17. 135,917 shares of the company were exchanged, compared to its average volume of 107,968. JAKKS Pacific, Inc. has a 52-week low of $17.06 and a 52-week high of $35.79. The stock has a 50 day moving average of $22.33 and a 200 day moving average of $26.54. The company has a market cap of $202.52 million, a PE ratio of 6.04 and a beta of 1.02.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.83). JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. The company had revenue of $130.74 million for the quarter, compared to analysts' expectations of $131.07 million. Sell-side analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Friday, May 30th. This is a positive change from JAKKS Pacific's previous quarterly dividend of $0.07. JAKKS Pacific's dividend payout ratio is 24.57%.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the acquisition, the insider now directly owns 1,900,837 shares in the company, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company's stock.

About JAKKS Pacific

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.