Corient Private Wealth LLC Invests $924,000 in JAKKS Pacific, Inc. $JAKK

Corient Private Wealth LLC acquired 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 SEC. The firm acquired 54,741 shares of the company’s stock, valued at approximately $924,000. Corient Private Wealth LLC owned about 0.48% of JAKKS Pacific at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Gate City Capital Management LLC raised its stake in shares of JAKKS Pacific by 47.6% in the 4th quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after acquiring an additional 252,337 shares during the period. Pacific Ridge Capital Partners LLC boosted its position 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. Thompson Siegel & Walmsley LLC acquired a new stake in JAKKS Pacific in the 4th quarter valued at approximately $5,494,000. Gamco Investors INC. ET AL acquired a new stake in JAKKS Pacific in the 4th quarter valued at approximately $990,000. Finally, Gabelli Funds LLC purchased a new stake in JAKKS Pacific in the fourth quarter valued at approximately $2,178,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 0.4%

Shares of JAKK stock opened at $23.44 on Friday. The firm has a 50 day moving average of $22.29 and a two-hundred day moving average of $20.36. The stock has a market capitalization of $268.15 million, a PE ratio of 33.97 and a beta of 1.44. JAKKS Pacific, Inc. has a 52 week low of $14.86 and a 52 week high of $24.45.

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

JAKKS Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.3%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 144.93%.

Analysts Set New Price Targets

Several research firms have recently commented on JAKK. Zacks Research lowered JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings raised JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

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.