JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Stephen G. Berman Sells 40,000 Shares of Stock

JAKKS Pacific, Inc. (NASDAQ:JAKK) CEO Stephen G. Berman sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $22.02, for a total value of $880,800.00. Following the completion of the sale, the chief executive officer now directly owns 267,042 shares in the company, valued at approximately $5,880,264.84. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

JAKKS Pacific Price Performance

NASDAQ JAKK opened at $22.09 on Thursday. The firm has a market capitalization of $246.22 million, a P/E ratio of 7.34 and a beta of 1.02. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The business’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $26.28.

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

JAKKS Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 30th. This is a positive change from JAKKS Pacific’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 4.53%. JAKKS Pacific’s payout ratio is 24.57%.

Hedge Funds Weigh In On JAKKS Pacific

Several hedge funds and other institutional investors have recently bought and sold shares of JAKK. Dimensional Fund Advisors LP raised its position in shares of JAKKS Pacific by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 548,545 shares of the company’s stock valued at $15,441,000 after purchasing an additional 55,176 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of JAKKS Pacific by 23.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company’s stock valued at $8,045,000 after acquiring an additional 54,899 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of JAKKS Pacific during the 4th quarter valued at approximately $7,531,000. Renaissance Technologies LLC raised its position in shares of JAKKS Pacific by 18.8% during the 4th quarter. Renaissance Technologies LLC now owns 265,618 shares of the company’s stock valued at $7,477,000 after acquiring an additional 42,100 shares in the last quarter. Finally, Monimus Capital Management LP acquired a new stake in shares of JAKKS Pacific during the 4th quarter valued at approximately $6,189,000. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

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.