Pacific Ridge Capital Partners LLC Acquires 54,899 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Pacific Ridge Capital Partners LLC raised its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 23.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 285,778 shares of the company’s stock after purchasing an additional 54,899 shares during the period. JAKKS Pacific accounts for 1.8% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 11th largest position. Pacific Ridge Capital Partners LLC owned approximately 2.60% of JAKKS Pacific worth $8,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of JAKKS Pacific by 2,093.3% in the 4th quarter. JPMorgan Chase & Co. now owns 76,062 shares of the company’s stock worth $2,141,000 after buying an additional 72,594 shares during the last quarter. Koss Olinger Consulting LLC grew its stake in shares of JAKKS Pacific by 13.0% in the fourth quarter. Koss Olinger Consulting LLC now owns 22,609 shares of the company’s stock worth $636,000 after acquiring an additional 2,605 shares during the last quarter. Monimus Capital Management LP bought a new position in shares of JAKKS Pacific during the fourth quarter valued at $6,189,000. Commonwealth Equity Services LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter worth about $219,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in JAKKS Pacific in the 4th quarter worth about $447,000. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $25.52 on Thursday. The company has a market capitalization of $284.45 million, a price-to-earnings ratio of 8.48 and a beta of 2.15. JAKKS Pacific, Inc. has a one year low of $17.06 and a one year high of $35.79. The company’s 50-day moving average is $28.64 and its 200 day moving average is $27.60.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83). JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. The firm had revenue of $130.74 million for the quarter, compared to analysts’ expectations of $131.07 million. As a group, research analysts predict that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. JAKKS Pacific’s dividend payout ratio is currently 33.22%.

Insider Transactions at JAKKS Pacific

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 15,165 shares of JAKKS Pacific stock in a transaction that occurred on Monday, March 24th. The stock was bought 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 $49,402,753.63. This represents a 0.80 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

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.