Short Interest in JAKKS Pacific, Inc. (NASDAQ:JAKK) Drops By 15.4%

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 464,023 shares, a drop of 15.4% from the March 31st total of 548,525 shares. Based on an average daily volume of 58,751 shares, the days-to-cover ratio is presently 7.9 days. Approximately 4.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JAKK shares. Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On JAKKS Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in JAKKS Pacific by 43.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock worth $279,000 after acquiring an additional 5,000 shares during the period. Corient Private Wealth LLC bought a new position in JAKKS Pacific during the fourth quarter worth $924,000. Invesco Ltd. increased its position in JAKKS Pacific by 9.3% during the fourth quarter. Invesco Ltd. now owns 26,772 shares of the company’s stock worth $452,000 after acquiring an additional 2,274 shares during the period. Sandia Investment Management LP increased its position in JAKKS Pacific by 47.5% during the fourth quarter. Sandia Investment Management LP now owns 16,236 shares of the company’s stock worth $274,000 after acquiring an additional 5,225 shares during the period. Finally, Kovack Advisors Inc. increased its position in JAKKS Pacific by 56.7% during the fourth quarter. Kovack Advisors Inc. now owns 23,246 shares of the company’s stock worth $392,000 after acquiring an additional 8,408 shares during the period. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Price Performance

JAKK stock traded up $2.29 on Friday, reaching $24.05. 146,453 shares of the company were exchanged, compared to its average volume of 104,474. JAKKS Pacific has a 12 month low of $14.86 and a 12 month high of $24.12. The stock’s fifty day moving average price is $21.11 and its 200 day moving average price is $18.81. The firm has a market capitalization of $275.07 million, a PE ratio of 28.29 and a beta of 1.65.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.73% and a return on equity of 3.85%. The business had revenue of $106.68 million for the quarter, compared to analyst estimates of $103.80 million. As a group, research analysts expect that JAKKS Pacific will post 2.06 EPS for the current fiscal year.

JAKKS Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.2%. JAKKS Pacific’s payout ratio is 117.65%.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.