Dimensional Fund Advisors LP Grows Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Dimensional Fund Advisors LP increased its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 548,545 shares of the company's stock after acquiring an additional 55,176 shares during the period. Dimensional Fund Advisors LP owned approximately 4.99% of JAKKS Pacific worth $15,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC raised its position in shares of JAKKS Pacific by 23.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company's stock worth $8,045,000 after purchasing an additional 54,899 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of JAKKS Pacific by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 265,618 shares of the company's stock valued at $7,477,000 after acquiring an additional 42,100 shares during the last quarter. Monimus Capital Management LP purchased a new position in shares of JAKKS Pacific in the fourth quarter valued at approximately $6,189,000. Geode Capital Management LLC boosted its stake in shares of JAKKS Pacific by 0.7% in 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 last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of JAKKS Pacific during the fourth quarter worth approximately $2,887,000. Hedge funds and other institutional investors own 44.38% of the company's stock.

JAKKS Pacific Price Performance

NASDAQ JAKK traded down $0.13 during mid-day trading on Friday, hitting $19.27. The stock had a trading volume of 133,824 shares, compared to its average volume of 109,778. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $35.79. The firm's 50 day moving average is $21.71 and its 200 day moving average is $26.35. The stock has a market capitalization of $214.78 million, a price-to-earnings ratio of 6.40 and a beta of 1.02.

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

JAKKS Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 5.19%. This is a positive change from JAKKS Pacific's previous quarterly dividend of $0.07. JAKKS Pacific's payout ratio is 24.57%.

Insider Buying and Selling at JAKKS Pacific

In other news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the transaction, the insider now owns 1,900,837 shares in the company, valued at $49,402,753.63. The trade was a 0.80 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

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.