Nuveen LLC Acquires New Stake in JAKKS Pacific, Inc. $JAKK

Key Points

• Nuveen LLC has acquired 28,926 shares of JAKKS Pacific, Inc. valued at approximately $714,000, representing about 0.26% ownership of the company.
• JAKKS Pacific announced a quarterly dividend of $0.25 per share, which will be paid on September 30th, yielding 5.7% annually.
• The stock's current market capitalization is $196.8 million, with a price-to-earnings ratio of 5.21 and a 12-month high of $35.79.

Nuveen LLC bought a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,926 shares of the company's stock, valued at approximately $714,000. Nuveen LLC owned 0.26% of JAKKS Pacific as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JAKK. Invesco Ltd. lifted its stake in shares of JAKKS Pacific by 3.3% in the first quarter. Invesco Ltd. now owns 20,693 shares of the company's stock worth $510,000 after buying an additional 661 shares during the last quarter. Koss Olinger Consulting LLC grew its holdings in shares of JAKKS Pacific by 3.8% in the 1st quarter. Koss Olinger Consulting LLC now owns 23,474 shares of the company's stock worth $579,000 after purchasing an additional 865 shares during the last quarter. Wells Fargo & Company MN grew its holdings in JAKKS Pacific by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock worth $195,000 after acquiring an additional 1,105 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of JAKKS Pacific by 31.7% in the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company's stock valued at $201,000 after purchasing an additional 1,721 shares during the last quarter. Finally, CWM LLC boosted its stake in JAKKS Pacific by 464.0% during the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock worth $75,000 after acquiring an additional 2,515 shares during the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock traded down $0.10 during trading on Monday, hitting $17.51. 19,624 shares of the company's stock traded hands, compared to its average volume of 145,169. The business has a 50-day simple moving average of $18.54 and a 200-day simple moving average of $20.75. JAKKS Pacific, Inc. has a 1 year low of $16.24 and a 1 year high of $35.79. The stock has a market capitalization of $195.18 million, a P/E ratio of 5.16 and a beta of 1.37.

JAKKS Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.7%. JAKKS Pacific's dividend payout ratio is currently 29.50%.

Analyst Upgrades and Downgrades

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

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.