Pine River Capital Management Purchases 5,192 Shares of Jakks Pacific Inc. (JAKK) Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management acquired 5,192 shares of Jakks Pacific stock in a transaction that occurred on Monday, May 16th. The shares were bought at an average price of $7.25 per share, with a total value of $37,642.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. Jakks Pacific Inc. has a 12 month low of $6.17 and a 12 month high of $9.75. The firm has a market cap of $141.01 million, a price-to-earnings ratio of 16.66 and a beta of 0.34. The firm’s 50-day moving average price is $9.10 and its 200-day moving average price is $8.10.
Jakks Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.04. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The firm earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. During the same quarter in the prior year, the company earned ($0.30) EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts predict that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
A number of research firms recently issued reports on JAKK. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Jakks Pacific has a consensus rating of “Buy” and an average target price of $11.58.
A number of institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in 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 period. Acadian Asset Management LLC boosted its position in 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 period. FMR LLC boosted its position in Jakks Pacific by 1.0% in the second quarter. FMR LLC now owns 794,898 shares of the company’s stock valued at $6,288,000 after buying an additional 7,800 shares during the period. Walthausen & Co. LLC purchased a new position in Jakks Pacific during the second quarter valued at approximately $3,922,000. Finally, Rothschild Asset Management Inc. boosted its position 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.
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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