Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 40,200 shares of the company's stock, valued at approximately $1,132,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.37% of JAKKS Pacific at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of JAKKS Pacific by 71.5% in the 4th quarter. Ameriprise Financial Inc. now owns 110,612 shares of the company's stock valued at $3,114,000 after acquiring an additional 46,102 shares during the period. Prospect Capital Advisors LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter valued at $1,904,000. Man Group plc purchased a new position in shares of JAKKS Pacific in the 4th quarter valued at $469,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of JAKKS Pacific in the 4th quarter worth $447,000. Finally, Integrity Wealth Advisors Inc. acquired a new stake in shares of JAKKS Pacific in the 4th quarter worth $550,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JAKKS Pacific

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

JAKKS Pacific Stock Up 3.3%

Shares of JAKKS Pacific stock traded up $0.70 during trading on Friday, reaching $21.68. The company's stock had a trading volume of 105,008 shares, compared to its average volume of 114,782. The company has a market cap of $241.65 million, a price-to-earnings ratio of 7.20 and a beta of 1.09. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The company has a 50-day simple moving average of $19.97 and a two-hundred day simple moving average of $25.30.

JAKKS Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $0.25 dividend. This is a boost from JAKKS Pacific's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. JAKKS Pacific's dividend payout ratio (DPR) is presently 24.57%.

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.