Jakks Pacific Inc. (JAKK) Major Shareholder Purchases $37,642.00 in Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management bought 5,192 shares of the business’s stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $37,642.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during midday trading on Wednesday, reaching $8.63. The company’s stock had a trading volume of 78,926 shares. The company has a market capitalization 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 has a 50 day moving average price of $9.12 and a 200-day moving average price of $8.09.
Jakks Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The company earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. Equities research analysts expect that Jakks Pacific Inc. will post $0.79 EPS for the current year.
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Several research firms recently issued reports on JAKK. B. Riley reissued a “neutral” rating and set a $8.25 price target on shares of Jakks Pacific in a research report on Wednesday, May 25th. Zacks Investment Research lowered Jakks Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.58.
Several large investors have recently added to or reduced their stakes in JAKK. Acrospire Investment Management LLC boosted its stake in Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock valued at $134,000 after buying an additional 8,714 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Jakks Pacific during the first quarter valued at approximately $141,000. Highbridge Capital Management LLC purchased a new stake in Jakks Pacific during the second quarter valued at approximately $162,000. Goldman Sachs Group Inc. purchased a new stake in Jakks Pacific during the first quarter valued at approximately $163,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Jakks Pacific during the second quarter valued at approximately $200,000.
About Jakks Pacific
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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