102,554 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 102,554 shares of the company's stock, valued at approximately $2,887,000. Marshall Wace LLP owned approximately 0.93% of JAKKS Pacific at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Evernest Financial Advisors LLC acquired a new position in JAKKS Pacific during the fourth quarter valued at approximately $1,437,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in JAKKS Pacific in the 4th quarter worth $447,000. Integrity Wealth Advisors Inc. bought a new position in JAKKS Pacific in the 4th quarter worth $550,000. Renaissance Technologies LLC boosted its holdings in 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 period. Finally, Monimus Capital Management LP acquired a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $6,189,000. Institutional investors and hedge funds own 44.38% of the company's stock.

Insider Activity

In other news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the business's stock in a transaction on Monday, March 24th. The stock was purchased at an average price of $25.99 per share, with a total value of $394,138.35. Following the acquisition, the insider now directly owns 1,900,837 shares in the company, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by company insiders.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK traded down $0.05 during trading hours on Friday, hitting $18.37. 57,885 shares of the company's stock were exchanged, compared to its average volume of 107,693. The company's 50-day moving average price is $22.69 and its 200-day moving average price is $26.64. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The stock has a market capitalization of $204.71 million, a price-to-earnings ratio of 6.13 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) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.83). The business 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, 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. Stockholders of record on Friday, May 30th will be issued a dividend of $0.25 per share. This is an increase from JAKKS Pacific's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 5.44%. JAKKS Pacific's payout ratio is presently 24.57%.

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.