Y Intercept Hong Kong Ltd Takes Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Y Intercept Hong Kong Ltd purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,855 shares of the company's stock, valued at approximately $391,000. Y Intercept Hong Kong Ltd owned 0.14% of JAKKS Pacific as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of JAKKS Pacific by 169.7% in the first quarter. Victory Capital Management Inc. now owns 38,750 shares of the company's stock valued at $956,000 after purchasing an additional 24,384 shares during the period. CWM LLC raised its stake in shares of JAKKS Pacific by 464.0% in the 1st quarter. CWM LLC now owns 3,057 shares of the company's stock valued at $75,000 after acquiring an additional 2,515 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of JAKKS Pacific in the 1st quarter valued at approximately $271,000. Exchange Traded Concepts LLC purchased a new stake in shares of JAKKS Pacific in the 1st quarter valued at approximately $251,000. Finally, GAMMA Investing LLC raised its stake in shares of JAKKS Pacific by 3,042.3% in the 1st quarter. GAMMA Investing LLC now owns 6,316 shares of the company's stock valued at $156,000 after acquiring an additional 6,115 shares during the period. Institutional investors and hedge funds own 44.38% of the company's stock.

JAKKS Pacific Trading Down 2.2%

JAKK traded down $0.39 during trading hours on Friday, hitting $17.33. 107,806 shares of the company's stock were exchanged, compared to its average volume of 152,167. JAKKS Pacific, Inc. has a 12-month low of $17.15 and a 12-month high of $35.79. The firm has a 50 day moving average of $20.31 and a 200 day moving average of $23.28. The firm has a market cap of $193.17 million, a P/E ratio of 5.11 and a beta of 1.06.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, August 29th. JAKKS Pacific's payout ratio is 29.50%.

Insider Buying and Selling

In other JAKKS Pacific news, CEO Stephen G. Berman sold 40,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $22.02, for a total transaction 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. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a research note 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.