JPMorgan Chase & Co. Increases Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

JPMorgan Chase & Co. raised its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 2,093.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,062 shares of the company's stock after purchasing an additional 72,594 shares during the quarter. JPMorgan Chase & Co. owned 0.69% of JAKKS Pacific worth $2,141,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Evernest Financial Advisors LLC purchased a new stake in shares of JAKKS Pacific in the fourth quarter worth about $1,437,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $447,000. Monimus Capital Management LP purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $6,189,000. Barclays PLC grew its holdings in shares of JAKKS Pacific by 62.1% in the third quarter. Barclays PLC now owns 17,037 shares of the company's stock valued at $435,000 after purchasing an additional 6,526 shares during the period. Finally, Geode Capital Management LLC boosted its stake in JAKKS Pacific by 6.9% during the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company's stock worth $5,057,000 after buying an additional 12,809 shares during the period. Hedge funds and other institutional investors own 44.38% of the company's stock.

Insider Activity at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the company's stock in a transaction on Monday, March 24th. The shares were bought at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the purchase, the insider now directly owns 1,900,837 shares of the company's stock, valued at approximately $49,402,753.63. This trade represents a 0.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.

JAKKS Pacific Stock Down 0.4 %

JAKK stock traded down $0.08 during mid-day trading on Tuesday, hitting $19.46. 173,399 shares of the company were exchanged, compared to its average volume of 106,527. The firm has a market capitalization of $216.90 million, a P/E ratio of 6.47 and a beta of 1.87. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $35.79. The business has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $26.74.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.42. JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. Research analysts predict that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $0.25 dividend. This is a boost from JAKKS Pacific's previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 5.14%. JAKKS Pacific's dividend payout ratio (DPR) is 33.22%.

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.