JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 358,800 shares, a growth of 21.5% from the March 31st total of 295,300 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 158,500 shares, the days-to-cover ratio is presently 2.3 days.

Insider Buying and Selling

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen bought 15,165 shares of JAKKS Pacific stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of $25.99 per share, with a total value of $394,138.35. Following the purchase, the insider now directly owns 1,900,837 shares in the company, valued at $49,402,753.63. This represents a 0.80 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of JAKKS Pacific by 62.1% during the third quarter. Barclays PLC now owns 17,037 shares of the company's stock worth $435,000 after purchasing an additional 6,526 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of JAKKS Pacific by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company's stock valued at $5,057,000 after buying an additional 12,809 shares during the period. Evernest Financial Advisors LLC purchased a new stake in shares of JAKKS Pacific during the fourth quarter worth approximately $1,437,000. Heck Capital Advisors LLC acquired a new position in JAKKS Pacific during the 4th quarter worth approximately $89,000. Finally, Lynch Asset Management Inc. acquired a new stake in shares of JAKKS Pacific in the 4th quarter valued at $204,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Trading Down 0.6 %

JAKK stock traded down $0.11 during mid-day trading on Tuesday, reaching $18.07. The company's stock had a trading volume of 23,473 shares, compared to its average volume of 107,644. The company's 50 day moving average is $22.33 and its two-hundred day moving average is $26.54. The stock has a market cap of $201.35 million, a PE ratio of 6.01 and a beta of 1.02. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $35.79.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced 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 firm 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%. On average, analysts forecast that JAKKS Pacific will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.54%. This is an increase from JAKKS Pacific's previous quarterly dividend of $0.07. The ex-dividend date is Friday, May 30th. JAKKS Pacific's payout ratio is 24.57%.

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.