Gabelli Funds LLC Invests $2.18 Million in JAKKS Pacific, Inc. $JAKK

Gabelli Funds LLC acquired a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 129,019 shares of the company’s stock, valued at approximately $2,178,000. Gabelli Funds LLC owned about 1.14% of JAKKS Pacific as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC grew its holdings in shares of JAKKS Pacific by 19.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock valued at $6,858,000 after acquiring an additional 65,156 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of JAKKS Pacific in the third quarter valued at approximately $777,000. Sandia Investment Management LP grew its holdings in shares of JAKKS Pacific by 6.4% in the second quarter. Sandia Investment Management LP now owns 11,011 shares of the company’s stock valued at $229,000 after acquiring an additional 666 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of JAKKS Pacific by 155.8% in the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after acquiring an additional 1,871 shares in the last quarter. Finally, Quarry LP bought a new position in shares of JAKKS Pacific in the third quarter valued at approximately $51,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JAKK shares. Zacks Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Wall Street Zen lowered JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Up 0.1%

NASDAQ JAKK opened at $22.18 on Friday. The stock’s 50-day simple moving average is $21.33 and its two-hundred day simple moving average is $19.14. JAKKS Pacific, Inc. has a twelve month low of $14.86 and a twelve month high of $24.45. The company has a market capitalization of $253.74 million, a price-to-earnings ratio of 32.15 and a beta of 1.50.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.27. The business had revenue of $106.68 million for the quarter, compared to the consensus estimate of $103.80 million. JAKKS Pacific had a return on equity of 3.26% and a net margin of 1.41%. On average, equities analysts expect that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. JAKKS Pacific’s payout ratio is currently 144.93%.

JAKKS Pacific Company Profile

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.