JAKKS Pacific, Inc. $JAKK Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 24.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,318 shares of the company’s stock after selling 39,200 shares during the quarter. Renaissance Technologies LLC owned about 1.07% of JAKKS Pacific worth $2,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sandia Investment Management LP lifted its position in JAKKS Pacific by 6.4% in the second quarter. Sandia Investment Management LP now owns 11,011 shares of the company’s stock worth $229,000 after purchasing an additional 666 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of JAKKS Pacific by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,220 shares of the company’s stock valued at $189,000 after purchasing an additional 982 shares during the period. State of Wyoming increased its position in shares of JAKKS Pacific by 42.8% during the 4th quarter. State of Wyoming now owns 4,140 shares of the company’s stock valued at $70,000 after purchasing an additional 1,240 shares during the period. Invesco Ltd. raised its stake in shares of JAKKS Pacific by 7.5% in the 2nd quarter. Invesco Ltd. now owns 22,241 shares of the company’s stock worth $462,000 after buying an additional 1,548 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after buying an additional 1,871 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Down 0.7%

Shares of JAKKS Pacific stock opened at $25.46 on Tuesday. JAKKS Pacific, Inc. has a 12-month low of $14.86 and a 12-month high of $27.22. The firm has a market capitalization of $291.26 million, a PE ratio of 18.32 and a beta of 1.41. The stock’s fifty day moving average is $23.52 and its 200-day moving average is $21.67.

JAKKS Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 28th. JAKKS Pacific’s dividend payout ratio (DPR) is 71.94%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings raised JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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.