Jacobs Levy Equity Management Inc. Takes Position 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. bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 39,344 shares of the company's stock, valued at approximately $971,000. Jacobs Levy Equity Management Inc. owned 0.35% of JAKKS Pacific as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of JAKK. AlphaQuest LLC acquired a new position in shares of JAKKS Pacific in the 1st quarter valued at $32,000. CWM LLC raised its position in shares of JAKKS Pacific by 464.0% in the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock worth $75,000 after buying an additional 2,515 shares during the period. Heck Capital Advisors LLC acquired a new position in JAKKS Pacific in the fourth quarter valued at $89,000. US Bancorp DE acquired a new stake in JAKKS Pacific during the first quarter worth about $78,000. Finally, State of Wyoming acquired a new stake in JAKKS Pacific during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 44.38% of the company's stock.

Wall Street Analysts Forecast Growth

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

JAKKS Pacific Price Performance

NASDAQ:JAKK traded down $0.04 during mid-day trading on Wednesday, reaching $17.97. The stock had a trading volume of 97,629 shares, compared to its average volume of 77,017. The company has a market capitalization of $200.37 million, a price-to-earnings ratio of 5.30 and a beta of 1.37. JAKKS Pacific, Inc. has a 1-year low of $16.24 and a 1-year high of $35.79. The stock's 50 day simple moving average is $18.07 and its two-hundred day simple moving average is $20.29.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $0.25 dividend. 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 dividend payout ratio (DPR) is 29.50%.

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.