Anson Funds Management LP Boosts Stock Position in JAKKS Pacific, Inc. $JAKK

Key Points

• Anson Funds Management LP increased its stake in JAKKS Pacific, Inc. by 70.7%, now owning 95,182 shares valued at approximately $2.35 million.
• JAKKS Pacific recently announced a quarterly dividend of $0.25, translating to a 5.4% yield and an annualized payout of $1.00.
• The company's stock price opened at $18.57 with a market capitalization of $207.06 million and a P/E ratio of 5.48.

Anson Funds Management LP raised its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 70.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,182 shares of the company's stock after buying an additional 39,414 shares during the quarter. Anson Funds Management LP owned about 0.85% of JAKKS Pacific worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JAKK. Bastion Asset Management Inc. bought a new position in shares of JAKKS Pacific during the 4th quarter worth approximately $7,531,000. Marshall Wace LLP purchased a new position in JAKKS Pacific in the fourth quarter worth $2,887,000. Prospect Capital Advisors LLC acquired a new position in shares of JAKKS Pacific during the fourth quarter worth $1,904,000. Dimensional Fund Advisors LP lifted its holdings in shares of JAKKS Pacific by 11.2% during 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. Finally, Ameriprise Financial Inc. boosted its position in shares of JAKKS Pacific by 71.5% in the 4th quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock worth $3,114,000 after purchasing an additional 46,102 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Trading Up 6.1%

NASDAQ:JAKK opened at $18.57 on Friday. The company has a market capitalization of $207.06 million, a P/E ratio of 5.48 and a beta of 1.19. JAKKS Pacific, Inc. has a 12 month low of $16.24 and a 12 month high of $35.79. The firm has a fifty day simple moving average of $19.11 and a 200-day simple moving average of $21.94.

JAKKS Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.25 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.4%. JAKKS Pacific's dividend payout ratio is currently 29.50%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered JAKKS Pacific from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $43.50.

About JAKKS Pacific

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.

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