JAKKS Pacific, Inc. (JAKK) To Go Ex-Dividend on February 27th

JAKKS Pacific, Inc. (NASDAQ:JAKK) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.25 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, February 27th.

JAKKS Pacific has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect JAKKS Pacific to earn $3.82 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 26.2%.

JAKKS Pacific Price Performance

Shares of NASDAQ:JAKK opened at $22.47 on Friday. The stock has a market cap of $253.24 million, a P/E ratio of 26.44 and a beta of 1.61. The firm has a fifty day moving average price of $17.98 and a 200 day moving average price of $17.72. JAKKS Pacific has a 1-year low of $14.86 and a 1-year high of $30.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of JAKKS Pacific by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after purchasing an additional 56,873 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of JAKKS Pacific by 7.1% in the 1st quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock valued at $1,510,000 after purchasing an additional 4,071 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of JAKKS Pacific by 17.9% in the second quarter. Kovack Advisors Inc. now owns 10,283 shares of the company’s stock valued at $214,000 after purchasing an additional 1,563 shares during the period. Aviva PLC purchased a new stake in JAKKS Pacific during the second quarter worth about $469,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in JAKKS Pacific by 88.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,582 shares of the company’s stock worth $594,000 after buying an additional 13,450 shares in the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

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.