JAKKS Pacific, Inc. $JAKK Shares Purchased by Anson Funds Management LP

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 grew its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 70.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,182 shares of the company's stock after acquiring an additional 39,414 shares during the quarter. Anson Funds Management LP owned about 0.85% of JAKKS Pacific worth $2,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in JAKKS Pacific in the 1st quarter valued at about $32,000. CWM LLC raised its position in shares of JAKKS Pacific by 464.0% during the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock valued at $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 approximately $89,000. US Bancorp DE purchased a new position in JAKKS Pacific in the first quarter worth approximately $78,000. Finally, State of Wyoming acquired a new stake in JAKKS Pacific during the fourth quarter worth $113,000. Institutional investors and hedge funds own 44.38% of the company's stock.

Analyst Upgrades and Downgrades

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

JAKKS Pacific Trading Down 0.2%

JAKKS Pacific stock opened at $17.47 on Thursday. The firm has a market capitalization of $194.79 million, a P/E ratio of 5.15 and a beta of 1.37. The stock's fifty day simple moving average is $18.35 and its 200-day simple moving average is $20.62. JAKKS Pacific, Inc. has a twelve month low of $16.24 and a twelve month high of $35.79.

JAKKS Pacific Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.7%. JAKKS Pacific's payout ratio is currently 29.50%.

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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