Jakks Pacific Inc. (JAKK) Major Shareholder Sells $335,908.10 in Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 43,010 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $7.81, for a total value of $335,908.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during midday trading on Wednesday, hitting $8.63. 78,926 shares of the company were exchanged. The stock has a 50 day moving average of $9.12 and a 200-day moving average of $8.09. Jakks Pacific Inc. has a 1-year low of $6.17 and a 1-year high of $9.75. The stock has a market capitalization of $139.39 million, a price-to-earnings ratio of 16.47 and a beta of 0.34.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) 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 company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. Jakks Pacific’s revenue was up 7.6% on a year-over-year basis. Equities analysts expect that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in JAKK. Sterling Capital Management LLC increased its position in shares of Jakks Pacific by 16.4% in the second quarter. Sterling Capital Management LLC now owns 81,465 shares of the company’s stock worth $644,000 after buying an additional 11,462 shares in the last quarter. Walthausen & Co. LLC acquired a new position in shares of Jakks Pacific during the second quarter worth $3,922,000. Stifel Financial Corp increased its position in shares of Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock worth $201,000 after buying an additional 400 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Jakks Pacific during the second quarter worth $162,000. Finally, AQR Capital Management LLC increased its position in shares of Jakks Pacific by 30.0% in the second quarter. AQR Capital Management LLC now owns 129,541 shares of the company’s stock worth $1,024,000 after buying an additional 29,915 shares in the last quarter.
A number of equities analysts have recently weighed in on JAKK shares. B. Riley restated a “neutral” rating and issued a $8.25 target price on shares of Jakks Pacific in a research note on Wednesday, May 25th. Zacks Investment Research downgraded Jakks Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Jakks Pacific currently has an average rating of “Buy” and a consensus target price of $11.58.
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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