Jakks Pacific Inc. (JAKK) Major Shareholder Pine River Capital Management Purchases 3,300 Shares
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management purchased 3,300 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was bought at an average price of $7.20 per share, with a total value of $23,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.63 on Thursday. Jakks Pacific Inc. has a 1-year low of $6.17 and a 1-year high of $9.75. The firm has a market capitalization of $139.39 million, a PE ratio of 16.47 and a beta of 0.34. The firm’s 50-day moving average price is $9.12 and its 200-day moving average price is $8.09.
Jakks Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. During the same period last year, the firm earned ($0.30) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of JAKK. Oxford Asset Management increased its stake in Jakks Pacific by 0.6% in the second quarter. Oxford Asset Management now owns 361,018 shares of the company’s stock worth $2,856,000 after buying an additional 2,112 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Jakks Pacific by 5.5% in the second quarter. GSA Capital Partners LLP now owns 238,216 shares of the company’s stock worth $1,884,000 after buying an additional 12,380 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Jakks Pacific during the second quarter worth $1,293,000. Rothschild Asset Management Inc. boosted its position in shares of Jakks Pacific by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 474,775 shares of the company’s stock worth $3,755,000 after buying an additional 22,244 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Jakks Pacific during the second quarter worth $200,000.
JAKK has been the topic of a number of recent analyst reports. B. Riley reiterated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a report on Tuesday, July 26th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Buy” and an average target price of $11.58.
About Jakks Pacific
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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