Jakks Pacific Inc. (JAKK) Major Shareholder Pine River Capital Management Acquires 21,005 Shares
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management acquired 21,005 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of $7.36 per share, with a total value of $154,596.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% on Wednesday, hitting $8.63. 78,926 shares of the company were exchanged. The firm’s 50-day moving average is $9.12 and its 200-day moving average is $8.09. Jakks Pacific Inc. has a 52-week low of $6.17 and a 52-week high of $9.75. The stock has a market capitalization of $139.39 million, a PE ratio of 16.47 and a beta of 0.34.
Jakks Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. The company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.30) earnings per share. Equities research analysts predict that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
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A number of brokerages have recently weighed in on JAKK. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. Zacks Investment Research lowered Jakks Pacific from a “strong-buy” rating to a “sell” rating in a research report on Monday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $11.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock worth $6,178,000 after buying an additional 127,907 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Jakks Pacific during the first quarter worth $461,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Jakks Pacific during the first quarter worth $141,000. Lazard Asset Management LLC increased its position in shares of Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock worth $383,000 after buying an additional 291 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Jakks Pacific during the first quarter worth $163,000.
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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