Anson Funds Management LP Buys 39,414 Shares of JAKKS Pacific, Inc. $JAKK

Key Points

• Anson Funds Management LP increased its stake in JAKKS Pacific by 70.7%, now owning 95,182 shares valued at approximately $2.35 million.
• Several institutional investors have recently bought or increased their positions in JAKKS Pacific, leading to 44.38% of the company's stock being held by institutional investors.
• The company announced a quarterly dividend of $0.25 per share, providing an annualized dividend yield of 5.7%.

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

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in JAKKS Pacific in the first quarter valued at $2,320,000. Prospect Capital Advisors LLC acquired a new position in JAKKS Pacific during the fourth quarter worth about $1,904,000. AQR Capital Management LLC grew its holdings in JAKKS Pacific by 67.9% during the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company's stock worth $3,470,000 after acquiring an additional 56,873 shares during the period. Islay Capital Management LLC acquired a new position in JAKKS Pacific during the first quarter worth about $1,149,000. Finally, Ameriprise Financial Inc. grew its holdings in JAKKS Pacific by 71.5% during the fourth quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock worth $3,114,000 after acquiring an additional 46,102 shares during the period. 44.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on JAKK. Zacks Research upgraded JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Wall Street Zen lowered 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock traded up $0.01 during trading on Tuesday, hitting $18.08. 86,262 shares of the company's stock traded hands, compared to its average volume of 142,967. The firm's fifty day moving average price is $18.18 and its 200 day moving average price is $20.32. JAKKS Pacific, Inc. has a twelve month low of $16.24 and a twelve month high of $35.79. The company has a market cap of $201.54 million, a PE ratio of 5.33 and a beta of 1.37.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, August 29th. JAKKS Pacific's payout ratio 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.