Prospect Capital Advisors LLC Takes $1.90 Million Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Prospect Capital Advisors LLC bought a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 67,650 shares of the company’s stock, valued at approximately $1,904,000. JAKKS Pacific makes up about 1.1% of Prospect Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. Prospect Capital Advisors LLC owned about 0.62% of JAKKS Pacific as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $89,000. Wells Fargo & Company MN grew its stake in shares of JAKKS Pacific by 19.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,923 shares of the company’s stock valued at $195,000 after acquiring an additional 1,105 shares in the last quarter. Deutsche Bank AG grew its stake in shares of JAKKS Pacific by 31.7% during the fourth quarter. Deutsche Bank AG now owns 7,154 shares of the company’s stock valued at $201,000 after acquiring an additional 1,721 shares in the last quarter. Lynch Asset Management Inc. acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $204,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of JAKKS Pacific during the fourth quarter valued at about $207,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $22.09 on Thursday. JAKKS Pacific, Inc. has a one year low of $17.06 and a one year high of $35.79. The company’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $26.28. The stock has a market capitalization of $246.22 million, a price-to-earnings ratio of 7.34 and a beta of 1.02.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) EPS 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 company had revenue of $130.74 million for the quarter, compared to the consensus estimate of $131.07 million. As a group, research analysts forecast that JAKKS Pacific, Inc. will post 3.52 EPS for the current year.

JAKKS Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. This is a boost from JAKKS Pacific’s previous quarterly dividend of $0.07. JAKKS Pacific’s dividend payout ratio (DPR) is currently 24.57%.

Insiders Place Their Bets

In other JAKKS Pacific news, CEO Stephen G. Berman sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $22.02, for a total value of $880,800.00. Following the transaction, the chief executive officer now owns 267,042 shares of the company’s stock, valued at $5,880,264.84. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Lawrence I. Rosen purchased 15,165 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of $25.99 per share, for a total transaction of $394,138.35. Following the acquisition, the insider now owns 1,900,837 shares of the company’s stock, valued at approximately $49,402,753.63. The trade was a 0.80% increase in their position. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.

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.