Jakks Pacific Inc. (JAKK) Major Shareholder Pine River Capital Management Sells 57,263 Shares
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 57,263 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $7.22, for a total transaction of $413,438.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during trading on Wednesday, hitting $8.63. 78,926 shares of the company’s stock were exchanged. The stock has a market cap of $139.39 million, a P/E ratio of 16.47 and a beta of 0.34. Jakks Pacific Inc. has a one year low of $6.17 and a one year high of $9.75. The firm has a 50-day moving average price of $9.12 and a 200-day moving average price of $8.09.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The business earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. During the same period last year, the company posted ($0.30) EPS. The business’s revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock worth $134,000 after buying an additional 8,714 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Jakks Pacific during the first quarter worth approximately $141,000. Highbridge Capital Management LLC purchased a new position in Jakks Pacific during the second quarter worth approximately $162,000. Goldman Sachs Group Inc. purchased a new position in Jakks Pacific during the first quarter worth approximately $163,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in Jakks Pacific during the second quarter worth approximately $200,000.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday. B. Riley reissued a “neutral” rating and issued a $10.00 price target on shares of Jakks Pacific in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $11.58.
Jakks Pacific Company Profile
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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