Jacobs Levy Equity Management Inc. Makes New $971,000 Investment in JAKKS Pacific, Inc. $JAKK

Key Points

• Jacobs Levy Equity Management Inc. has invested approximately $971,000 in JAKKS Pacific, acquiring 39,344 shares, which represents 0.35% of the company's stock.
• JAKKS Pacific recently declared a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 5.6%.
• Analysts have mixed ratings for JAKKS Pacific, with one brokerage downgrading it from "buy" to "hold," while another upgraded it from "strong sell" to "hold," resulting in a consensus rating of "Moderate Buy."

Jacobs Levy Equity Management Inc. acquired a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 39,344 shares of the company's stock, valued at approximately $971,000. Jacobs Levy Equity Management Inc. owned about 0.35% of JAKKS Pacific as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JAKK. AlphaQuest LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter valued at approximately $32,000. CWM LLC increased its holdings in shares of JAKKS Pacific by 464.0% in the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock valued at $75,000 after acquiring an additional 2,515 shares during the last quarter. US Bancorp DE bought a new stake in shares of JAKKS Pacific in the 1st quarter valued at approximately $78,000. Heck Capital Advisors LLC bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $89,000. Finally, State of Wyoming bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $113,000. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $17.71 on Friday. JAKKS Pacific, Inc. has a 12-month low of $16.24 and a 12-month high of $35.79. The firm has a market capitalization of $197.47 million, a P/E ratio of 5.22 and a beta of 1.37. The business has a 50 day simple moving average of $18.28 and a 200 day simple moving average of $20.54.

JAKKS Pacific Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JAKK. Wall Street Zen downgraded JAKKS Pacific from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Zacks Research upgraded JAKKS Pacific from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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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