Pacific Ridge Capital Partners LLC Increases Position in JAKKS Pacific, Inc. $JAKK

Pacific Ridge Capital Partners LLC grew its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,289 shares of the company’s stock after purchasing an additional 65,156 shares during the period. JAKKS Pacific comprises about 1.5% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 25th largest holding. Pacific Ridge Capital Partners LLC owned approximately 3.61% of JAKKS Pacific worth $6,858,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of JAKKS Pacific during the fourth quarter worth approximately $32,000. Allspring Global Investments Holdings LLC grew its stake in shares of JAKKS Pacific by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,220 shares of the company’s stock valued at $189,000 after buying an additional 982 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of JAKKS Pacific during the third quarter valued at about $279,000. Quarry LP purchased a new position in shares of JAKKS Pacific in the third quarter worth about $51,000. Finally, Millennium Management LLC grew its position in JAKKS Pacific by 183.1% during the 3rd quarter. Millennium Management LLC now owns 73,949 shares of the company’s stock worth $1,385,000 after acquiring an additional 47,826 shares during the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Trading Down 3.0%

JAKK stock opened at $22.52 on Tuesday. The stock has a market capitalization of $257.63 million, a PE ratio of 32.64 and a beta of 1.50. The stock’s 50 day simple moving average is $21.16 and its 200 day simple moving average is $18.94. JAKKS Pacific, Inc. has a 12-month low of $14.86 and a 12-month high of $24.45.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.27. The company had revenue of $106.68 million for the quarter, compared to analysts’ expectations of $103.80 million. JAKKS Pacific had a return on equity of 3.26% and a net margin of 1.41%. On average, research analysts predict that JAKKS Pacific, Inc. will post 2.39 earnings per share for the current year.

JAKKS Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th. JAKKS Pacific’s payout ratio is 144.93%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JAKK. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, JAKKS Pacific currently has a consensus 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.