Corton Capital Inc. Lowers Stake in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Corton Capital Inc. lessened its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,949 shares of the company's stock after selling 22,157 shares during the quarter. Corton Capital Inc. owned about 0.08% of JAKKS Pacific worth $252,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bridgeway Capital Management LLC raised its holdings in JAKKS Pacific by 7.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 150,219 shares of the company's stock worth $4,229,000 after purchasing an additional 10,916 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in shares of JAKKS Pacific during the 4th quarter worth approximately $7,531,000. Bank of America Corp DE boosted its stake in shares of JAKKS Pacific by 124.6% in the fourth quarter. Bank of America Corp DE now owns 18,638 shares of the company's stock valued at $525,000 after buying an additional 10,339 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in JAKKS Pacific during the fourth quarter worth $207,000. Finally, Ameriprise Financial Inc. grew its holdings in JAKKS Pacific by 71.5% during the fourth 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 period. Hedge funds and other institutional investors own 44.38% of the company's stock.

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the transaction, the insider now directly owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. This represents a 0.80 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by company insiders.

JAKKS Pacific Stock Performance

JAKKS Pacific stock traded down $0.13 during midday trading on Friday, reaching $19.27. The company's stock had a trading volume of 133,824 shares, compared to its average volume of 109,778. The firm has a market capitalization of $214.78 million, a PE ratio of 6.40 and a beta of 1.02. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The stock's 50 day simple moving average is $21.71 and its 200 day simple moving average is $26.34.

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

JAKKS Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.19%. This is a boost from JAKKS Pacific's previous quarterly dividend of $0.07. JAKKS Pacific's dividend payout ratio is currently 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.