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 acquired 21,005 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of $7.36 per share, for a total transaction of $154,596.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. 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 $9.10 and a 200-day moving average of $8.10. The company has a market cap of $141.01 million, a price-to-earnings ratio of 16.66 and a beta of 0.34.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The business earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) EPS. On average, equities research analysts expect that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on JAKK. B. Riley reiterated a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research note on Thursday, July 21st. Zacks Investment Research lowered shares of Jakks Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $11.58.
Large investors have recently made changes to their positions in the stock. Walthausen & Co. LLC purchased a new stake in shares of Jakks Pacific during the second quarter valued at approximately $3,922,000. JPMorgan Chase & Co. boosted its stake in shares of Jakks Pacific by 835,921.4% in the second quarter. JPMorgan Chase & Co. now owns 351,129 shares of the company’s stock valued at $2,778,000 after buying an additional 351,087 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Jakks Pacific by 10.5% in the second quarter. Franklin Resources Inc. now owns 2,525,010 shares of the company’s stock valued at $19,972,000 after buying an additional 240,470 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Jakks Pacific during the second quarter valued at approximately $1,293,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock valued at $6,178,000 after buying an additional 127,907 shares during the last quarter.
About Jakks Pacific
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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