Pallas Capital Advisors LLC Invests $728,000 in Mattel, Inc. (NASDAQ:MAT)

Pallas Capital Advisors LLC purchased a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 37,474 shares of the company's stock, valued at approximately $728,000.

Several other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after purchasing an additional 1,447 shares during the last quarter. Merit Financial Group LLC bought a new stake in Mattel during the first quarter worth about $534,000. Private Client Services LLC acquired a new stake in shares of Mattel during the first quarter worth approximately $868,000. GAMMA Investing LLC increased its holdings in shares of Mattel by 2,675.4% during the first quarter. GAMMA Investing LLC now owns 98,277 shares of the company's stock worth $1,910,000 after buying an additional 94,736 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Mattel by 350.1% in the first quarter. Versant Capital Management Inc now owns 9,452 shares of the company's stock valued at $184,000 after acquiring an additional 7,352 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MAT shares. Morgan Stanley increased their price target on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup upped their price objective on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. DA Davidson reiterated a "buy" rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Mattel currently has an average rating of "Moderate Buy" and a consensus price target of $24.14.

Mattel Price Performance

MAT stock traded down $0.48 during mid-day trading on Friday, hitting $18.82. The stock had a trading volume of 686,010 shares, compared to its average volume of 3,733,698. The firm has a fifty day simple moving average of $17.36 and a 200 day simple moving average of $18.66. The firm has a market capitalization of $6.08 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.35 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. During the same period last year, the firm posted ($0.05) earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.