Gamco Investors INC. ET AL Makes New Investment in JAKKS Pacific, Inc. $JAKK

Gamco Investors INC. ET AL purchased a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,661 shares of the company’s stock, valued at approximately $990,000. Gamco Investors INC. ET AL owned about 0.52% of JAKKS Pacific at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in JAKKS Pacific by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after buying an additional 22,844 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of JAKKS Pacific by 19.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock worth $6,858,000 after purchasing an additional 65,156 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in JAKKS Pacific in the 3rd quarter valued at $6,812,000. Geode Capital Management LLC grew its stake in JAKKS Pacific by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 217,187 shares of the company’s stock valued at $4,514,000 after acquiring an additional 11,469 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in JAKKS Pacific by 8.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 169,664 shares of the company’s stock valued at $3,178,000 after acquiring an additional 13,890 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Up 0.1%

NASDAQ JAKK opened at $22.18 on Friday. JAKKS Pacific, Inc. has a 52 week low of $14.86 and a 52 week high of $24.45. The business’s fifty day simple moving average is $21.33 and its 200-day simple moving average is $19.14. The firm has a market cap of $253.74 million, a PE ratio of 32.15 and a beta of 1.50.

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

JAKKS Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.5%. JAKKS Pacific’s dividend payout ratio is 144.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JAKK. Wall Street Zen cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research cut shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

JAKKS Pacific 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.