Bastion Asset Management Inc. Invests $7.53 Million in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bastion Asset Management Inc. bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 267,533 shares of the company's stock, valued at approximately $7,531,000. JAKKS Pacific comprises approximately 5.0% of Bastion Asset Management Inc.'s portfolio, making the stock its 4th largest position. Bastion Asset Management Inc. owned about 2.43% of JAKKS Pacific as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of JAKKS Pacific by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company's stock valued at $15,441,000 after purchasing an additional 55,176 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in JAKKS Pacific by 23.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company's stock valued at $8,045,000 after buying an additional 54,899 shares during the period. Renaissance Technologies LLC grew its holdings in JAKKS Pacific by 18.8% in the 4th quarter. Renaissance Technologies LLC now owns 265,618 shares of the company's stock worth $7,477,000 after acquiring an additional 42,100 shares during the last quarter. Monimus Capital Management LP purchased a new position in shares of JAKKS Pacific in the fourth quarter valued at about $6,189,000. Finally, Geode Capital Management LLC raised its stake in shares of JAKKS Pacific by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 199,606 shares of the company's stock valued at $5,620,000 after acquiring an additional 1,460 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

Insider Transactions at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was bought 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 in the company, valued at approximately $49,402,753.63. This represents a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company's stock.

JAKKS Pacific Stock Performance

Shares of NASDAQ JAKK traded up $0.05 during trading hours on Friday, hitting $19.45. The company's stock had a trading volume of 89,375 shares, compared to its average volume of 109,398. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $35.79. The stock has a market cap of $216.79 million, a price-to-earnings ratio of 6.46 and a beta of 1.02. The business has a 50-day simple moving average of $21.84 and a 200-day simple moving average of $26.38.

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 for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.83). The business had revenue of $130.74 million during the quarter, compared to the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. On average, equities research analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 30th. This is a positive change from JAKKS Pacific's previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 5.14%. JAKKS Pacific's dividend payout ratio is 24.57%.

JAKKS Pacific Company 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.