JPMorgan Chase & Co. Reduces Stock Holdings in JAKKS Pacific, Inc. $JAKK

JPMorgan Chase & Co. reduced its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,335 shares of the company’s stock after selling 29,033 shares during the period. JPMorgan Chase & Co.’s holdings in JAKKS Pacific were worth $325,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in JAKKS Pacific during the third quarter worth $25,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in JAKKS Pacific during the third quarter worth $46,000. Quarry LP purchased a new stake in JAKKS Pacific during the third quarter worth $51,000. BNP Paribas Financial Markets boosted its holdings in JAKKS Pacific by 155.8% during the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after buying an additional 1,871 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in JAKKS Pacific by 235.6% during the third quarter. New York State Common Retirement Fund now owns 8,262 shares of the company’s stock worth $155,000 after buying an additional 5,800 shares in the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Down 0.8%

JAKK opened at $21.70 on Thursday. The company has a market cap of $248.25 million, a price-to-earnings ratio of 25.53 and a beta of 1.65. JAKKS Pacific, Inc. has a 52-week low of $14.86 and a 52-week high of $23.60. The firm’s fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $18.53.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $127.11 million for the quarter. JAKKS Pacific had a net margin of 1.73% and a return on equity of 3.85%. On average, research analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, February 27th. JAKKS Pacific’s dividend payout ratio (DPR) is presently 117.65%.

Wall Street Analysts Forecast Growth

JAKK has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.