JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 28th will be given a dividend of 0.25 per share on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, August 28th.
JAKKS Pacific has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect JAKKS Pacific to earn $2.33 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 42.9%.
JAKKS Pacific Price Performance
JAKK opened at $23.81 on Friday. The firm has a fifty day moving average price of $22.59 and a 200 day moving average price of $21.05. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $25.25. The stock has a market cap of $272.39 million, a P/E ratio of 34.51 and a beta of 1.44.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of JAKK. State of Alaska Department of Revenue purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at approximately $32,000. Royal Bank of Canada lifted its position in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after buying an additional 1,745 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in JAKKS Pacific during the third quarter worth $46,000. Quarry LP purchased a new stake in JAKKS Pacific in the 3rd quarter valued at $51,000. Finally, BNP Paribas Financial Markets grew its holdings in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after buying an additional 1,871 shares in the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.
JAKKS Pacific Company Profile
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.
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