Gamco Investors INC. ET AL Invests $990,000 in JAKKS Pacific, Inc. $JAKK

Gamco Investors INC. ET AL acquired a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 58,661 shares of the company’s stock, valued at approximately $990,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in JAKKS Pacific by 67.9% in the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after purchasing an additional 56,873 shares in the last quarter. Empowered Funds LLC lifted its stake in JAKKS Pacific by 7.1% in the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock valued at $1,510,000 after buying an additional 4,071 shares during the last quarter. Geode Capital Management LLC lifted its stake in JAKKS Pacific by 5.6% in the second quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock valued at $4,514,000 after buying an additional 11,469 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of JAKKS Pacific by 16.4% during the second quarter. JPMorgan Chase & Co. now owns 46,368 shares of the company’s stock worth $964,000 after purchasing an additional 6,538 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of JAKKS Pacific by 155.3% during the second quarter. Hsbc Holdings PLC now owns 23,480 shares of the company’s stock worth $489,000 after purchasing an additional 14,284 shares during the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Wall Street Zen cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JAKKS Pacific presently has an average rating of “Reduce”.

JAKKS Pacific Stock Up 0.1%

JAKK opened at $22.18 on Friday. The firm has a market cap of $253.74 million, a P/E ratio of 32.15 and a beta of 1.50. JAKKS Pacific, Inc. has a 52 week low of $14.86 and a 52 week high of $24.45. The business’s fifty day simple moving average is $21.33 and its 200 day simple moving average is $19.14.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a return on equity of 3.26% and a net margin of 1.41%.The firm had revenue of $106.68 million for the quarter, compared to analyst estimates of $103.80 million. As a group, equities analysts expect that JAKKS Pacific, Inc. will post 1.42 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, May 29th. JAKKS Pacific’s dividend payout ratio (DPR) is 144.93%.

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.