149,970 Shares in JAKKS Pacific, Inc. $JAKK Purchased by Gratia Capital LLC

Gratia Capital LLC purchased a new position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the second quarter, HoldingsChannel reports. The firm purchased 149,970 shares of the company’s stock, valued at approximately $3,116,000. JAKKS Pacific makes up about 3.0% of Gratia Capital LLC’s portfolio, making the stock its 12th biggest holding.

Other hedge funds also recently made changes to their positions in the company. EMC Capital Management bought a new position in shares of JAKKS Pacific during the 2nd quarter worth approximately $28,000. AlphaQuest LLC bought a new stake in JAKKS Pacific in the 1st quarter valued at $32,000. BNP Paribas Financial Markets lifted its holdings in JAKKS Pacific by 155.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after purchasing an additional 1,871 shares during the last quarter. US Bancorp DE bought a new position in JAKKS Pacific during the first quarter worth $78,000. Finally, Brandywine Global Investment Management LLC bought a new position in JAKKS Pacific during the first quarter worth $209,000. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Stock Performance

Shares of JAKKS Pacific stock opened at $16.47 on Friday. The firm has a 50-day moving average of $17.36 and a 200-day moving average of $18.49. The stock has a market cap of $185.62 million, a PE ratio of 33.61 and a beta of 1.47. JAKKS Pacific, Inc. has a 52-week low of $14.86 and a 52-week high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Friday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($1.40). JAKKS Pacific had a return on equity of 1.87% and a net margin of 1.06%.The business had revenue of $211.21 million for the quarter, compared to the consensus estimate of $228.24 million. Equities research analysts predict that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.00 annualized dividend and a dividend yield of 6.1%. JAKKS Pacific’s dividend payout ratio (DPR) is currently 204.08%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JAKK. Zacks Research lowered shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, JAKKS Pacific currently has an average rating of “Reduce”.

JAKKS Pacific Company Profile

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.