Martingale Asset Management L P Buys Shares of 17,221 JAKKS Pacific, Inc. $JAKK

Key Points

• Martingale Asset Management L P has acquired a new stake in JAKKS Pacific, purchasing 17,221 shares worth approximately $425,000.
• Multiple institutional investors have increased their positions, with CWM LLC growing by 464.0% in the first quarter, indicating strong interest from the investment community.
• JAKKS Pacific recently declared a quarterly dividend of $0.25 per share, reflecting a 5.5% yield and a payout ratio of 29.50%.

Martingale Asset Management L P bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,221 shares of the company's stock, valued at approximately $425,000. Martingale Asset Management L P owned about 0.15% of JAKKS Pacific as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of JAKKS Pacific by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock worth $195,000 after buying an additional 1,105 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of JAKKS Pacific in the fourth quarter worth $564,000. Barclays PLC lifted its stake in shares of JAKKS Pacific by 33.5% in the fourth quarter. Barclays PLC now owns 22,743 shares of the company's stock worth $640,000 after buying an additional 5,706 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of JAKKS Pacific by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company's stock worth $15,441,000 after buying an additional 55,176 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of JAKKS Pacific in the fourth quarter worth $297,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Price Performance

JAKK stock traded up $0.03 on Thursday, reaching $18.12. 79,924 shares of the company were exchanged, compared to its average volume of 125,278. JAKKS Pacific, Inc. has a 12 month low of $16.24 and a 12 month high of $35.79. The stock's fifty day moving average price is $18.88 and its 200 day moving average price is $21.60. The firm has a market capitalization of $202.04 million, a PE ratio of 5.35 and a beta of 1.19.

JAKKS Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.25 dividend. 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 currently 29.50%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.