10,165 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 10,165 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in JAKKS Pacific during the 4th quarter worth $89,000. State of Wyoming acquired a new stake in JAKKS Pacific during the 4th quarter worth about $113,000. GAMMA Investing LLC grew its holdings in JAKKS Pacific by 3,042.3% during the 1st quarter. GAMMA Investing LLC now owns 6,316 shares of the company’s stock worth $156,000 after acquiring an additional 6,115 shares during the period. Wells Fargo & Company MN grew its holdings in JAKKS Pacific by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock worth $195,000 after acquiring an additional 1,105 shares during the period. Finally, Deutsche Bank AG grew its holdings in JAKKS Pacific by 31.7% during the 4th quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock worth $201,000 after acquiring an additional 1,721 shares during the period. 44.38% of the stock is owned by institutional investors.

JAKKS Pacific Trading Down 2.5%

Shares of JAKKS Pacific stock opened at $20.36 on Monday. The business has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $24.77. JAKKS Pacific, Inc. has a 1-year low of $17.20 and a 1-year high of $35.79. The company has a market cap of $227.01 million, a P/E ratio of 5.00 and a beta of 1.09.

JAKKS Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.25 per share. This is an increase from JAKKS Pacific’s previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Friday, May 30th. JAKKS Pacific’s dividend payout ratio (DPR) is presently 24.57%.

Insiders Place Their Bets

In other JAKKS Pacific news, CEO Stephen G. Berman sold 35,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $22.20, for a total transaction of $777,000.00. Following the completion of the sale, the chief executive officer now directly owns 190,539 shares in the company, valued at approximately $4,229,965.80. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.