Bastion Asset Management Inc. Purchases New Stake in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bastion Asset Management Inc. purchased a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 267,533 shares of the company's stock, valued at approximately $7,531,000. JAKKS Pacific accounts for approximately 5.0% of Bastion Asset Management Inc.'s portfolio, making the stock its 4th largest position. Bastion Asset Management Inc. owned approximately 2.43% of JAKKS Pacific at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in JAKKS Pacific by 124.6% in the 4th quarter. Bank of America Corp DE now owns 18,638 shares of the company's stock valued at $525,000 after purchasing an additional 10,339 shares during the period. BNP Paribas Financial Markets purchased a new position in JAKKS Pacific during the fourth quarter worth about $207,000. Ameriprise Financial Inc. increased its stake in JAKKS Pacific by 71.5% in the 4th quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock worth $3,114,000 after acquiring an additional 46,102 shares during the last quarter. Algert Global LLC purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $253,000. Finally, Northern Trust Corp boosted its position in shares of JAKKS Pacific by 8.1% during the 4th quarter. Northern Trust Corp now owns 69,050 shares of the company's stock valued at $1,944,000 after acquiring an additional 5,185 shares during the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 stock was acquired at an average cost of $25.99 per share, with a total value of $394,138.35. Following the completion of the purchase, the insider now directly owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. This trade represents a 0.80 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

JAKKS Pacific Stock Down 1.4 %

Shares of JAKK stock traded down $0.26 during trading on Tuesday, hitting $17.91. The company had a trading volume of 127,428 shares, compared to its average volume of 108,113. The stock's 50-day moving average is $22.16 and its two-hundred day moving average is $26.48. The stock has a market capitalization of $199.66 million, a price-to-earnings ratio of 5.95 and a beta of 1.02. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79.

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

JAKKS Pacific Increases Dividend

The company also recently disclosed 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 dividend yield of 5.58%. This is a boost from JAKKS Pacific's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, May 30th. JAKKS Pacific's dividend payout ratio (DPR) is currently 24.57%.

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.