Ameriprise Financial Inc. Increases Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Ameriprise Financial Inc. boosted its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 71.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,612 shares of the company's stock after purchasing an additional 46,102 shares during the quarter. Ameriprise Financial Inc. owned 1.01% of JAKKS Pacific worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JAKK. Dimensional Fund Advisors LP increased its stake in shares of JAKKS Pacific by 11.2% in the 4th 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 last quarter. Pacific Ridge Capital Partners LLC boosted its position in JAKKS Pacific by 23.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company's stock valued at $8,045,000 after acquiring an additional 54,899 shares during the last quarter. Renaissance Technologies LLC boosted its position in JAKKS Pacific by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 265,618 shares of the company's stock valued at $7,477,000 after acquiring an additional 42,100 shares during the last quarter. Monimus Capital Management LP acquired a new stake in JAKKS Pacific during the 4th quarter worth about $6,189,000. Finally, Geode Capital Management LLC lifted its stake in shares of JAKKS Pacific by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 199,606 shares of the company's stock valued at $5,620,000 after purchasing an additional 1,460 shares during the period. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Trading Up 1.9%

NASDAQ JAKK traded up $0.38 during trading hours on Thursday, hitting $20.70. The company's stock had a trading volume of 190,800 shares, compared to its average volume of 112,452. The company has a market capitalization of $230.72 million, a PE ratio of 6.88 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. The company's 50-day simple moving average is $20.63 and its two-hundred day simple moving average is $25.68.

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 dividend of $0.25 per share. The ex-dividend date is Friday, May 30th. This is a boost from JAKKS Pacific's previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 4.83%. JAKKS Pacific's payout ratio is 24.57%.

Insider Buying and Selling

In other JAKKS Pacific news, CEO Stephen G. Berman sold 40,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $22.02, for a total transaction of $880,800.00. Following the sale, the chief executive officer now directly owns 267,042 shares of the company's stock, valued at $5,880,264.84. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lawrence I. Rosen acquired 15,165 shares of JAKKS Pacific stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price 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 $49,402,753.63. This represents a 0.80% increase in their position. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.

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.