JAKKS Pacific, Inc. (NASDAQ:JAKK) Sees Large Growth in Short Interest

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 450,100 shares, a growth of 6.9% from the May 31st total of 421,000 shares. Based on an average daily volume of 105,400 shares, the short-interest ratio is presently 4.3 days.

Insider Buying and Selling

In other news, major shareholder Lawrence I. Rosen bought 10,088 shares of the stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of $17.58 per share, with a total value of $177,347.04. Following the purchase, the insider now owns 1,885,672 shares of the company’s stock, valued at $33,150,113.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On JAKKS Pacific

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of JAKKS Pacific by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after purchasing an additional 1,020 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of JAKKS Pacific by 32.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,718 shares of the company’s stock valued at $783,000 after purchasing an additional 7,708 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of JAKKS Pacific by 35.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock valued at $2,433,000 after purchasing an additional 25,900 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after purchasing an additional 10,746 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of JAKKS Pacific by 7.8% in the 1st quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock valued at $1,189,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 0.6 %

Shares of NASDAQ JAKK opened at $18.02 on Wednesday. The firm has a fifty day moving average of $18.60 and a 200-day moving average of $25.64. JAKKS Pacific has a 52-week low of $15.30 and a 52-week high of $36.84. The stock has a market capitalization of $194.62 million, a PE ratio of 6.63 and a beta of 2.37.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a return on equity of 18.86% and a net margin of 4.29%. The business had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $104.12 million. Equities research analysts expect that JAKKS Pacific will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

JAKK has been the subject of several recent analyst reports. Ascendiant Capital Markets lowered their target price on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 1st. StockNews.com cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.