Victory Capital Management Inc. Buys 24,384 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Key Points

• Victory Capital Management Inc. significantly increased its holdings in JAKKS Pacific, acquiring an additional 24,384 shares, bringing their total ownership to 38,750 shares valued at approximately $956,000.
• JAKKS Pacific announced a quarterly dividend of $0.25, which translates to an annualized yield of 5.6%, with the payout ratio currently at 29.50%.
• JPMorgan Chase & Co. boosted its position in JAKKS Pacific by a staggering 2,093.3% during the fourth quarter, now owning 76,062 shares valued at around $2,141,000.

Victory Capital Management Inc. grew its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 169.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,750 shares of the company's stock after purchasing an additional 24,384 shares during the period. Victory Capital Management Inc. owned approximately 0.35% of JAKKS Pacific worth $956,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JAKK. Commonwealth Equity Services LLC acquired a new position in shares of JAKKS Pacific during the fourth quarter valued at $219,000. JPMorgan Chase & Co. increased its holdings in shares of JAKKS Pacific by 2,093.3% during the fourth quarter. JPMorgan Chase & Co. now owns 76,062 shares of the company's stock valued at $2,141,000 after purchasing an additional 72,594 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of JAKKS Pacific during the fourth quarter valued at $1,300,000. Geode Capital Management LLC grew its holdings in JAKKS Pacific by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 199,606 shares of the company's stock worth $5,620,000 after acquiring an additional 1,460 shares during the period. Finally, Trexquant Investment LP acquired a new position in JAKKS Pacific during the fourth quarter worth about $424,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Trading Down 3.2%

NASDAQ:JAKK traded down $0.57 during mid-day trading on Friday, reaching $17.14. 325,982 shares of the stock were exchanged, compared to its average volume of 185,083. The business has a fifty day moving average price of $20.25 and a 200 day moving average price of $23.21. The firm has a market capitalization of $191.04 million, a PE ratio of 5.06 and a beta of 1.06. JAKKS Pacific, Inc. has a 1-year low of $16.87 and a 1-year high of $35.79.

JAKKS Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.25 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.8%. JAKKS Pacific's dividend payout ratio (DPR) is 29.50%.

Insider Buying and Selling at JAKKS Pacific

In related news, CEO Stephen G. Berman sold 40,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $22.02, for a total value of $880,800.00. Following the completion of the transaction, the chief executive officer owned 267,042 shares in the company, valued at $5,880,264.84. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered JAKKS Pacific from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

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.