Islay Capital Management LLC Acquires Shares of 46,568 JAKKS Pacific, Inc. $JAKK

Key Points

• Islay Capital Management LLC has acquired 46,568 shares of JAKKS Pacific, valued at approximately $1,149,000, representing about 0.42% of the company's total shares.
• JAKKS Pacific recently announced a quarterly dividend of $0.25, yielding 5.4% annually, with a payout ratio of 29.50%.
• Wall Street analysts have downgraded JAKKS Pacific from a "buy" rating to a "hold" rating, while maintaining an average price target of $43.50.

Islay Capital Management LLC acquired a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 46,568 shares of the company's stock, valued at approximately $1,149,000. Islay Capital Management LLC owned approximately 0.42% of JAKKS Pacific at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in JAKKS Pacific in the 1st quarter valued at $271,000. Ameriprise Financial Inc. raised its holdings in JAKKS Pacific by 71.5% in the 4th quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock valued at $3,114,000 after acquiring an additional 46,102 shares in the last quarter. Prospect Capital Advisors LLC acquired a new position in JAKKS Pacific in the 4th quarter valued at $1,904,000. Man Group plc acquired a new position in JAKKS Pacific in the 4th quarter valued at $469,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in JAKKS Pacific in the 1st quarter valued at $391,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $18.57 on Monday. JAKKS Pacific, Inc. has a 52 week low of $16.24 and a 52 week high of $35.79. The stock has a market capitalization of $207.06 million, a P/E ratio of 5.48 and a beta of 1.19. The stock has a fifty day moving average of $19.11 and a 200-day moving average of $21.86.

JAKKS Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

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

JAKKS Pacific 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.

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