Gabelli Funds LLC Invests $2.18 Million in JAKKS Pacific, Inc. $JAKK

Gabelli Funds LLC bought a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,019 shares of the company’s stock, valued at approximately $2,178,000.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new stake in shares of JAKKS Pacific in the third quarter worth about $25,000. State of Alaska Department of Revenue bought a new stake in JAKKS Pacific during the 4th quarter valued at approximately $32,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in JAKKS Pacific during the 3rd quarter valued at approximately $46,000. Quarry LP bought a new stake in JAKKS Pacific during the 3rd quarter valued at approximately $51,000. Finally, BNP Paribas Financial Markets boosted its position in JAKKS Pacific by 155.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after acquiring an additional 1,871 shares in the last quarter. 44.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JAKK shares. Wall Street Zen cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

JAKKS Pacific Stock Performance

JAKK stock opened at $22.18 on Friday. The firm has a 50 day moving average price of $21.33 and a 200-day moving average price of $19.14. JAKKS Pacific, Inc. has a 52-week low of $14.86 and a 52-week high of $24.45. The firm has a market capitalization of $253.74 million, a price-to-earnings ratio of 32.15 and a beta of 1.50.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, April 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. The firm had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. As a group, sell-side analysts forecast that JAKKS Pacific, Inc. will post 1.42 earnings per share for the current fiscal year.

JAKKS Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, May 29th. JAKKS Pacific’s payout ratio is presently 144.93%.

JAKKS Pacific Company Profile

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.