Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Grows By 30.1%

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 295,300 shares, a growth of 30.1% from the March 15th total of 226,900 shares. Based on an average daily volume of 147,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.8% of the company's shares are short sold.

JAKKS Pacific Stock Performance

Shares of JAKK stock traded up $0.56 during trading on Thursday, hitting $19.64. 19,993 shares of the company were exchanged, compared to its average volume of 107,264. The business's 50-day simple moving average is $24.29 and its 200 day simple moving average is $26.90. JAKKS Pacific has a twelve month low of $17.06 and a twelve month high of $35.79. The firm has a market capitalization of $218.91 million, a price-to-earnings ratio of 6.53 and a beta of 1.87.

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

JAKKS Pacific Announces Dividend

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

Insider Buying and Selling

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the acquisition, the insider now owns 1,900,837 shares of the company's stock, valued at $49,402,753.63. This represents a 0.80 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JAKKS Pacific

Several large investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in JAKKS Pacific in the fourth quarter valued at approximately $89,000. State of Wyoming bought a new position in shares of JAKKS Pacific in the 4th quarter valued at approximately $113,000. GAMMA Investing LLC lifted its holdings in JAKKS Pacific by 3,042.3% in the 1st quarter. GAMMA Investing LLC now owns 6,316 shares of the company's stock worth $156,000 after purchasing an additional 6,115 shares during the last quarter. Wells Fargo & Company MN boosted its position in JAKKS Pacific by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock worth $195,000 after purchasing an additional 1,105 shares during the period. Finally, Deutsche Bank AG raised its position in shares of JAKKS Pacific by 31.7% in the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company's stock valued at $201,000 after purchasing an additional 1,721 shares during the period. Institutional investors own 44.38% of the company's stock.

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.