Pine River Capital Management Purchases 21,005 Shares of Jakks Pacific Inc. (JAKK) Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management bought 21,005 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was purchased at an average price of $7.36 per share, for a total transaction of $154,596.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. The stock has a 50 day moving average of $9.10 and a 200 day moving average of $8.10. The firm has a market capitalization of $141.01 million, a price-to-earnings ratio of 16.66 and a beta of 0.34. Jakks Pacific Inc. has a one year low of $6.17 and a one year high of $9.75.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The business earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) earnings per share. Analysts forecast that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock valued at $383,000 after buying an additional 291 shares in the last quarter. Stifel Financial Corp boosted its stake in Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock valued at $201,000 after buying an additional 400 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in Jakks Pacific by 1.0% in the second quarter. BlackRock Investment Management LLC now owns 72,075 shares of the company’s stock valued at $570,000 after buying an additional 719 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in Jakks Pacific by 7.5% in the second quarter. Eagle Global Advisors LLC now owns 26,740 shares of the company’s stock valued at $212,000 after buying an additional 1,870 shares in the last quarter. Finally, Oxford Asset Management boosted 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 in the last quarter.
Several research firms have weighed in on JAKK. B. Riley reiterated a “neutral” rating and issued a $10.00 target price on shares of Jakks Pacific in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Jakks Pacific from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Jakks Pacific 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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