Lazard Asset Management LLC Buys Shares of 22,125 JAKKS Pacific, Inc. $JAKK

Lazard Asset Management LLC bought a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 1st quarter, Holdings Channel.com reports. The fund bought 22,125 shares of the company’s stock, valued at approximately $441,000.

A number of other large investors have also made changes to their positions in JAKK. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of JAKKS Pacific in the third quarter worth approximately $6,812,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of JAKKS Pacific during the 4th quarter worth $5,494,000. Gate City Capital Management LLC grew its position in shares of JAKKS Pacific by 47.6% during the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after acquiring an additional 252,337 shares during the period. Gabelli Funds LLC bought a new stake in shares of JAKKS Pacific during the 4th quarter valued at $2,178,000. Finally, Ameriprise Financial Inc. increased its stake 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 in the last quarter. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $25.63 on Friday. The stock’s fifty day moving average is $23.44 and its 200 day moving average is $21.61. JAKKS Pacific, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $27.22. The firm has a market capitalization of $293.21 million, a PE ratio of 18.44 and a beta of 1.41.

JAKKS Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. JAKKS Pacific’s dividend payout ratio is currently 71.94%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Finally, Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

JAKKS Pacific 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.