JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.15 and traded as high as $19.86. JAKKS Pacific shares last traded at $19.50, with a volume of 103,321 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JAKK. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen raised JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, JAKKS Pacific has a consensus rating of “Hold”.

JAKKS Pacific Trading Down 1.9%

The firm’s fifty day moving average price is $19.40 and its two-hundred day moving average price is $18.15. The stock has a market capitalization of $223.16 million, a PE ratio of 22.94 and a beta of 1.58.

JAKKS Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.00 dividend on an annualized basis and a yield of 5.1%. JAKKS Pacific’s payout ratio is presently 117.65%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of JAKKS Pacific by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock worth $3,470,000 after acquiring an additional 56,873 shares in the last quarter. Empowered Funds LLC increased its stake in shares of JAKKS Pacific by 7.1% in the 1st quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock valued at $1,510,000 after purchasing an additional 4,071 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in JAKKS Pacific by 88.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,582 shares of the company’s stock worth $594,000 after purchasing an additional 13,450 shares during the period. Geode Capital Management LLC raised its holdings in JAKKS Pacific by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock worth $4,514,000 after purchasing an additional 11,469 shares during the period. Finally, EMC Capital Management purchased a new position in JAKKS Pacific during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.