Franklin Resources Inc. Sells 416,420 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Franklin Resources Inc. trimmed its position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 96.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,473 shares of the company's stock after selling 416,420 shares during the period. Franklin Resources Inc. owned approximately 0.13% of JAKKS Pacific worth $407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at approximately $89,000. Lynch Asset Management Inc. bought a new stake in JAKKS Pacific in the fourth quarter valued at approximately $204,000. Metis Global Partners LLC acquired a new position in shares of JAKKS Pacific in the fourth quarter valued at approximately $208,000. Commonwealth Equity Services LLC acquired a new position in shares of JAKKS Pacific in the fourth quarter valued at approximately $219,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of JAKKS Pacific in the fourth quarter valued at approximately $230,000. Institutional investors own 44.38% of the company's stock.

Insider Transactions at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen bought 15,165 shares of JAKKS Pacific stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the acquisition, the insider now directly owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company's stock.

JAKKS Pacific Stock Up 8.0 %

Shares of JAKKS Pacific stock traded up $1.50 on Wednesday, hitting $20.20. The stock had a trading volume of 41,516 shares, compared to its average volume of 107,029. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $35.79. The business's 50 day moving average is $24.59 and its two-hundred day moving average is $26.95. The stock has a market cap of $225.15 million, a price-to-earnings ratio of 6.71 and a beta of 1.87.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.83). The company had revenue of $130.74 million for the quarter, compared to analyst estimates of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. As a group, equities analysts predict that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The company also recently declared a -- dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. JAKKS Pacific's dividend payout ratio (DPR) is currently 33.22%.

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.