Jakks Pacific Inc. (JAKK) Major Shareholder Pine River Capital Management Sells 57,263 Shares of Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 57,263 shares of the company’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $7.22, for a total transaction of $413,438.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.63 on Thursday. The company has a market cap of $139.39 million, a PE ratio of 16.47 and a beta of 0.34. Jakks Pacific Inc. has a 52 week low of $6.17 and a 52 week high of $9.75. The company has a 50-day moving average of $9.12 and a 200-day moving average of $8.09.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. Jakks Pacific’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned ($0.30) earnings per share. On average, equities analysts expect that Jakks Pacific Inc. will post $0.79 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in JAKK. Oxford Asset Management increased its stake in Jakks Pacific by 0.6% in the second quarter. Oxford Asset Management now owns 361,018 shares of the company’s stock valued at $2,856,000 after buying an additional 2,112 shares during the period. GSA Capital Partners LLP increased its stake in Jakks Pacific by 5.5% in the second quarter. GSA Capital Partners LLP now owns 238,216 shares of the company’s stock valued at $1,884,000 after buying an additional 12,380 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Jakks Pacific during the second quarter valued at $1,293,000. Rothschild Asset Management Inc. increased its stake in Jakks Pacific by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 474,775 shares of the company’s stock valued at $3,755,000 after buying an additional 22,244 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Jakks Pacific during the second quarter valued at $200,000.
A number of research firms have recently weighed in on JAKK. B. Riley reaffirmed a “neutral” rating and issued a $8.25 target price on shares of Jakks Pacific in a research report on Wednesday, May 25th. Zacks Investment Research raised shares of Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.58.
Jakks Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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