Acadian Asset Management LLC Invests $2.32 Million in JAKKS Pacific, Inc. $JAKK

Key Points

• Acadian Asset Management LLC has purchased 94,091 shares of JAKKS Pacific, Inc., valued at approximately $2.32 million, representing about 0.84% of the company's total shares.
• JAKKS Pacific has announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 5.5%.
• The stock currently has a consensus rating of "Moderate Buy" with a price target of $41.00 according to market analysts.

Acadian Asset Management LLC acquired a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 94,091 shares of the company's stock, valued at approximately $2,320,000. Acadian Asset Management LLC owned 0.84% of JAKKS Pacific at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JAKK. AlphaQuest LLC purchased a new stake in JAKKS Pacific during the 1st quarter worth approximately $32,000. CWM LLC increased its holdings in JAKKS Pacific by 464.0% during the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock worth $75,000 after purchasing an additional 2,515 shares during the last quarter. US Bancorp DE purchased a new stake in JAKKS Pacific during the 1st quarter worth approximately $78,000. Heck Capital Advisors LLC purchased a new stake in JAKKS Pacific during the 4th quarter worth approximately $89,000. Finally, State of Wyoming bought a new stake in shares of JAKKS Pacific in the 4th quarter worth about $113,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Performance

NASDAQ:JAKK traded down $0.32 during trading hours on Friday, hitting $18.00. 133,356 shares of the company's stock traded hands, compared to its average volume of 75,148. The firm has a market cap of $200.70 million, a P/E ratio of 5.31 and a beta of 1.37. JAKKS Pacific, Inc. has a twelve month low of $16.24 and a twelve month high of $35.79. The stock's fifty day moving average price is $17.99 and its two-hundred day moving average price is $20.18.

JAKKS Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, August 29th. JAKKS Pacific's payout ratio is currently 29.50%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen lowered JAKKS Pacific from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Zacks Research upgraded JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, JAKKS Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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.