Gate City Capital Management LLC Increases Stake in JAKKS Pacific, Inc. $JAKK

Gate City Capital Management LLC boosted its position in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 782,717 shares of the company’s stock after acquiring an additional 252,337 shares during the period. JAKKS Pacific accounts for 5.7% of Gate City Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Gate City Capital Management LLC owned approximately 6.95% of JAKKS Pacific worth $13,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JAKK. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of JAKKS Pacific in the 3rd quarter worth about $6,812,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of JAKKS Pacific in the 4th quarter worth about $5,494,000. Gabelli Funds LLC purchased a new stake in shares of JAKKS Pacific in the 4th quarter worth about $2,178,000. Ameriprise Financial Inc. lifted its position in shares of JAKKS Pacific by 187.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 104,518 shares of the company’s stock worth $1,958,000 after purchasing an additional 68,128 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of JAKKS Pacific by 19.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after purchasing an additional 65,156 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JAKK shares. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $21.94 on Wednesday. The firm has a market cap of $250.99 million, a P/E ratio of 31.80 and a beta of 1.47. JAKKS Pacific, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $24.45. The firm has a 50-day simple moving average of $22.06 and a two-hundred day simple moving average of $19.84.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. The business had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. On average, equities research analysts predict that JAKKS Pacific, Inc. will post 1.42 EPS for the current year.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, May 29th. JAKKS Pacific’s dividend payout ratio (DPR) is currently 144.93%.

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.