67,650 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Purchased by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC purchased a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 67,650 shares of the company's stock, valued at approximately $1,904,000. JAKKS Pacific accounts for approximately 1.1% of Prospect Capital Advisors LLC's investment portfolio, making the stock its 23rd biggest position. Prospect Capital Advisors LLC owned 0.62% of JAKKS Pacific as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JAKK. Heck Capital Advisors LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter worth $89,000. Wells Fargo & Company MN lifted its holdings in shares of 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. Deutsche Bank AG lifted its holdings in shares of JAKKS Pacific by 31.7% during the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company's stock worth $201,000 after purchasing an additional 1,721 shares during the period. Lynch Asset Management Inc. acquired a new stake in shares of JAKKS Pacific during the fourth quarter worth $204,000. Finally, BNP Paribas Financial Markets acquired a new stake in JAKKS Pacific in the fourth quarter valued at $207,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JAKKS Pacific

In other news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the company's stock in a transaction dated Monday, March 24th. The stock was acquired at an average price of $25.99 per share, for a total transaction of $394,138.35. Following the completion of the transaction, 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 this link. Also, CEO Stephen G. Berman sold 35,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $22.20, for a total value of $777,000.00. Following the completion of the transaction, the chief executive officer now owns 190,539 shares of the company's stock, valued at approximately $4,229,965.80. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

JAKKS Pacific Stock Performance

JAKKS Pacific stock traded down $0.06 during midday trading on Friday, reaching $21.28. The company's stock had a trading volume of 86,730 shares, compared to its average volume of 111,838. JAKKS Pacific, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The stock's 50 day simple moving average is $21.36 and its 200 day simple moving average is $26.20. The firm has a market capitalization of $237.19 million, a PE ratio of 7.07 and a beta of 1.02.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its 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). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The business had revenue of $130.74 million during the quarter, compared to analyst estimates of $131.07 million. Equities analysts predict that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current year.

JAKKS Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. This is an increase from JAKKS Pacific's previous quarterly dividend of $0.07. JAKKS Pacific's dividend payout ratio (DPR) is 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.