LSV Asset Management Sells 34,700 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

LSV Asset Management reduced its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,680 shares of the company's stock after selling 34,700 shares during the period. LSV Asset Management owned 1.62% of JAKKS Pacific worth $5,002,000 at the end of the most recent reporting period.

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A number of other institutional investors have also modified their holdings of the stock. Monimus Capital Management LP purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at approximately $6,189,000. JPMorgan Chase & Co. raised its position in JAKKS Pacific by 2,093.3% during the 4th quarter. JPMorgan Chase & Co. now owns 76,062 shares of the company's stock valued at $2,141,000 after purchasing an additional 72,594 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of JAKKS Pacific by 23.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 285,778 shares of the company's stock worth $8,045,000 after buying an additional 54,899 shares during the period. Evernest Financial Advisors LLC bought a new position in shares of JAKKS Pacific during the 4th quarter worth $1,437,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of JAKKS Pacific during the fourth quarter valued at $1,300,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Lawrence I. Rosen acquired 15,165 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company's stock.

JAKKS Pacific Price Performance

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JAKK stock opened at $18.53 on Monday. JAKKS Pacific, Inc. has a 1-year low of $17.06 and a 1-year high of $35.79. The business has a 50-day moving average price of $26.58 and a 200 day moving average price of $27.29. The company has a market capitalization of $206.54 million, a P/E ratio of 6.16 and a beta of 1.87.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last announced its quarterly earnings results 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). JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. The business had revenue of $130.74 million during the quarter, compared to analysts' expectations of $131.07 million. On average, analysts anticipate that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

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

JAKKS Pacific 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.

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