Lazard Asset Management LLC Takes Position in JAKKS Pacific, Inc. $JAKK

Lazard Asset Management LLC purchased a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,125 shares of the company’s stock, valued at approximately $441,000. Lazard Asset Management LLC owned about 0.19% of JAKKS Pacific at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in JAKKS Pacific during the 4th quarter valued at about $32,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of JAKKS Pacific during the third quarter valued at approximately $46,000. Quarry LP purchased a new stake in shares of JAKKS Pacific during the third quarter valued at approximately $51,000. BNP Paribas Financial Markets increased its position in shares of JAKKS Pacific by 155.8% during the second quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after acquiring an additional 1,871 shares in the last quarter. Finally, State of Wyoming increased its position in shares of JAKKS Pacific by 42.8% during the fourth quarter. State of Wyoming now owns 4,140 shares of the company’s stock valued at $70,000 after acquiring an additional 1,240 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

JAKK has been the topic of several analyst reports. Wall Street Zen raised JAKKS Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

JAKKS Pacific Stock Up 0.6%

Shares of NASDAQ JAKK opened at $25.63 on Friday. The firm’s 50-day moving average price is $23.44 and its 200-day moving average price is $21.61. JAKKS Pacific, Inc. has a 52-week low of $14.86 and a 52-week high of $27.22. The company has a market cap of $293.21 million, a PE ratio of 18.44 and a beta of 1.41.

JAKKS Pacific Dividend Announcement

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

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.