Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 57,263 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $7.22, for a total value of $413,438.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.63 on Monday. The stock has a market cap of $139.39 million, a price-to-earnings ratio of 16.47 and a beta of 0.34. Jakks Pacific Inc. has a 52-week low of $6.17 and a 52-week high of $9.75. The stock’s 50 day moving average price is $9.08 and its 200-day moving average price is $8.11.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The business earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. During the same period last year, the company posted ($0.30) EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
A number of research firms have commented on JAKK. Zacks Investment Research upgraded Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Tuesday, September 20th. B. Riley restated a “neutral” rating and set a $10.00 price target on shares of Jakks Pacific in a research note on Tuesday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.58.
Several hedge funds and other institutional investors have recently modified their holdings of JAKK. Spark Investment Management LLC acquired a new position in shares of Jakks Pacific during the first quarter worth $461,000. Rothschild Asset Management Inc. boosted its stake in Jakks Pacific by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 474,775 shares of the company’s stock valued at $3,755,000 after buying an additional 22,244 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Jakks Pacific during the second quarter valued at approximately $200,000. Acadian Asset Management LLC boosted its stake in Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock valued at $6,178,000 after buying an additional 127,907 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Jakks Pacific by 5.5% in the second quarter. GSA Capital Partners LLP now owns 238,216 shares of the company’s stock valued at $1,884,000 after buying an additional 12,380 shares during the last quarter.
Jakks Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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