Strs Ohio Makes New Investment in JAKKS Pacific, Inc. $JAKK

Key Points

• Strs Ohio has acquired a new stake in JAKKS Pacific, purchasing 17,100 shares valued at approximately $422,000, representing 0.15% ownership of the company.
• Multiple hedge funds have increased their holdings in JAKKS Pacific, with AQR Capital Management raising its stake by 67.9%, now owning around $3.47 million worth of shares.
• The company recently announced a quarterly dividend of **$0.25 per share**, which equates to an annualized dividend of **$1.00**, resulting in a dividend yield of **5.4%**.

Strs Ohio acquired a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,100 shares of the company's stock, valued at approximately $422,000. Strs Ohio owned 0.15% of JAKKS Pacific at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Philosophy Capital Management LLC raised its holdings in JAKKS Pacific by 3.5% during the 1st quarter. Philosophy Capital Management LLC now owns 332,594 shares of the company's stock worth $8,205,000 after buying an additional 11,275 shares during the period. AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 56,873 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 46,102 shares in the last quarter. Anson Funds Management LP lifted its holdings in shares of JAKKS Pacific by 70.7% during the first quarter. Anson Funds Management LP now owns 95,182 shares of the company's stock worth $2,348,000 after buying an additional 39,414 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in JAKKS Pacific in the first quarter valued at about $2,320,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Zacks Research raised JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Wall Street Zen cut JAKKS Pacific from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.00.

JAKKS Pacific Trading Up 3.7%

Shares of JAKK opened at $18.66 on Tuesday. The company has a market cap of $208.06 million, a PE ratio of 5.50 and a beta of 1.37. The stock has a 50-day moving average price of $17.97 and a 200-day moving average price of $20.05. JAKKS Pacific, Inc. has a 12-month low of $16.24 and a 12-month high of $35.79.

JAKKS Pacific Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, August 29th. JAKKS Pacific's dividend payout ratio (DPR) 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.

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