Man Group plc Takes Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Man Group plc bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,653 shares of the company's stock, valued at approximately $469,000. Man Group plc owned about 0.15% of JAKKS Pacific as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JAKK. Dimensional Fund Advisors LP increased its position in JAKKS Pacific by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company's stock worth $15,441,000 after purchasing an additional 55,176 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of JAKKS Pacific by 23.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company's stock valued at $8,045,000 after acquiring an additional 54,899 shares during the period. Bastion Asset Management Inc. acquired a new position in shares of JAKKS Pacific in the 4th quarter valued at $7,531,000. Renaissance Technologies LLC increased its stake in JAKKS Pacific by 18.8% in the 4th quarter. Renaissance Technologies LLC now owns 265,618 shares of the company's stock valued at $7,477,000 after buying an additional 42,100 shares during the period. Finally, Monimus Capital Management LP acquired a new position in JAKKS Pacific in the 4th quarter valued at $6,189,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the transaction, the insider now directly owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. This represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen G. Berman sold 40,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $22.02, for a total transaction of $880,800.00. Following the completion of the sale, the chief executive officer now owns 267,042 shares in the company, valued at $5,880,264.84. This represents a 13.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

JAKKS Pacific Stock Performance

JAKK traded up $0.38 during trading on Thursday, hitting $20.70. The stock had a trading volume of 190,800 shares, compared to its average volume of 112,319. The firm has a market capitalization of $230.72 million, a P/E ratio of 6.88 and a beta of 1.02. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $35.79. The company's 50-day moving average price is $20.63 and its 200 day moving average price is $25.68.

JAKKS Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.25 per share. This is a positive change from JAKKS Pacific's previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, May 30th. JAKKS Pacific's payout ratio is presently 24.57%.

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.