Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 50,961 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $7.27, for a total value of $370,486.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during midday trading on Wednesday, reaching $8.63. The company had a trading volume of 78,926 shares. Jakks Pacific Inc. has a one year low of $6.17 and a one year high of $9.75. The company has a 50 day moving average price of $9.12 and a 200-day moving average price of $8.09. The firm has a market capitalization of $139.39 million, a P/E 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, beating analysts’ consensus estimates of ($0.31) by $0.04. The business earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. On average, analysts anticipate that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.

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Several research firms have issued reports on JAKK. B. Riley restated a “neutral” rating and issued a $8.25 price objective on shares of Jakks Pacific in a research note on Wednesday, May 25th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $11.58.

Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its position in Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock worth $134,000 after buying an additional 8,714 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Jakks Pacific during the first quarter worth about $141,000. Highbridge Capital Management LLC bought a new position in Jakks Pacific during the second quarter worth about $162,000. Goldman Sachs Group Inc. bought a new position in Jakks Pacific during the first quarter worth about $163,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Jakks Pacific during the second quarter worth about $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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