Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Grows By 30.1%

by · The Cerbat Gem

JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 295,300 shares, an increase of 30.1% from the March 15th total of 226,900 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 147,000 shares, the days-to-cover ratio is presently 2.0 days.

JAKKS Pacific Trading Up 2.4 %

Shares of JAKKS Pacific stock traded up $0.44 on Friday, reaching $18.84. 113,846 shares of the company were exchanged, compared to its average volume of 106,385. JAKKS Pacific has a fifty-two week low of $17.06 and a fifty-two week high of $35.79. The firm has a market capitalization of $209.99 million, a price-to-earnings ratio of 6.26 and a beta of 1.87. The stock has a fifty day moving average price of $25.19 and a 200-day moving average price of $27.05.

JAKKS Pacific (NASDAQ:JAKK – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The firm had revenue of $130.74 million for the quarter, compared to analyst estimates of $131.07 million. On average, equities analysts anticipate that JAKKS Pacific will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. JAKKS Pacific’s dividend payout ratio (DPR) is presently 33.22%.

Insiders Place Their Bets

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen bought 15,165 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the acquisition, the insider now directly owns 1,900,837 shares of the company’s stock, valued at $49,402,753.63. This trade represents a 0.80 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

Institutional Trading of JAKKS Pacific

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of JAKKS Pacific by 4.2% during the 3rd quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after buying an additional 5,901 shares during the period. Barclays PLC grew its position in JAKKS Pacific by 62.1% in the third quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after acquiring an additional 6,526 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of JAKKS Pacific by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after purchasing an additional 12,809 shares during the last quarter. Evernest Financial Advisors LLC bought a new position in shares of JAKKS Pacific during the 4th quarter valued at $1,437,000. Finally, Heck Capital Advisors LLC bought a new stake in JAKKS Pacific in the fourth quarter worth $89,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

(Get Free Report)

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.

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