Corient Private Wealth LLC Makes New $924,000 Investment in JAKKS Pacific, Inc. $JAKK

Corient Private Wealth LLC acquired a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKKFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 54,741 shares of the company’s stock, valued at approximately $924,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of JAKKS Pacific during the 3rd quarter worth $6,812,000. Thompson Siegel & Walmsley LLC acquired a new stake in JAKKS Pacific in the fourth quarter valued at $5,494,000. Gate City Capital Management LLC lifted its holdings in JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock worth $13,212,000 after buying an additional 252,337 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of JAKKS Pacific during the 4th quarter worth about $2,178,000. Finally, Ameriprise Financial Inc. boosted its position in shares of JAKKS Pacific by 187.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 104,518 shares of the company’s stock worth $1,958,000 after acquiring an additional 68,128 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Trading Up 0.4%

JAKK stock opened at $23.44 on Friday. The company has a market capitalization of $268.15 million, a P/E ratio of 33.97 and a beta of 1.44. The business has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $20.36. JAKKS Pacific, Inc. has a twelve month low of $14.86 and a twelve month high of $24.45.

JAKKS Pacific (NASDAQ:JAKKGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The business had revenue of $106.68 million for the quarter, compared to analysts’ expectations of $103.80 million. Research analysts predict that JAKKS Pacific, Inc. will post 1.42 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were paid a $0.25 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.3%. JAKKS Pacific’s payout ratio is currently 144.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JAKK. Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

View Our Latest Analysis on JAKK

JAKKS Pacific Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for JAKKS Pacific (NASDAQ:JAKK)

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