JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 299,900 shares, an increase of 622.7% from the August 15th total of 41,500 shares. Based on an average daily volume of 353,100 shares, the short-interest ratio is presently 0.8 days.
In other news, major shareholder Benefit Street Partners Llc acquired 283,500 shares of JAKKS Pacific stock in a transaction dated Thursday, July 22nd. The stock was purchased at an average cost of $10.10 per share, with a total value of $2,863,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in shares of JAKKS Pacific in the 1st quarter worth about $99,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter worth about $130,000. GSA Capital Partners LLP bought a new stake in shares of JAKKS Pacific in the 2nd quarter worth about $196,000. Squarepoint Ops LLC bought a new stake in shares of JAKKS Pacific in the 2nd quarter worth about $203,000. Finally, State Street Corp purchased a new position in JAKKS Pacific in the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 23.77% of the company’s stock.
Shares of NASDAQ:JAKK opened at $12.77 on Wednesday. The company has a debt-to-equity ratio of 11.63, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a fifty day moving average price of $12.75 and a 200 day moving average price of $10.31. JAKKS Pacific has a fifty-two week low of $3.63 and a fifty-two week high of $15.54. The firm has a market cap of $126.12 million, a price-to-earnings ratio of -2.41 and a beta of 2.84.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 28th. The company reported ($0.38) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.49) by $1.11. JAKKS Pacific had a negative net margin of 3.37% and a positive return on equity of 519.77%. The business had revenue of $112.35 million during the quarter, compared to analyst estimates of $91.90 million. As a group, research analysts predict that JAKKS Pacific will post -0.08 earnings per share for the current year.
About JAKKS Pacific
JAKKS Pacific, Inc engages in the design, development, and sale of toys, consumables, electronics, kids indoor and outdoor furniture, and other consumer products. It operates through the following business segments: Toys and Consumer Products and Halloween. The Toys and Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand held role play toys and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids indoor and outdoor furniture, and related products, and makeup and skincare products.
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