Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,892 shares of the company’s stock, valued at approximately $447,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of JAKKS Pacific as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Philosophy Capital Management LLC bought a new stake in shares of JAKKS Pacific during the third quarter valued at approximately $7,105,000. Geode Capital Management LLC grew its stake in shares of JAKKS Pacific by 6.9% in the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after acquiring an additional 12,809 shares during the last quarter. State Street Corp increased its holdings in shares of JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after acquiring an additional 5,901 shares in the last quarter. Portolan Capital Management LLC purchased a new position in shares of JAKKS Pacific in the 3rd quarter worth about $2,787,000. Finally, Bank of New York Mellon Corp boosted its stake in JAKKS Pacific by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company’s stock worth $1,632,000 after purchasing an additional 831 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock opened at $24.59 on Friday. The stock has a market cap of $274.08 million, a price-to-earnings ratio of 8.17 and a beta of 2.15. The firm’s 50-day moving average is $28.74 and its 200 day moving average is $27.56. JAKKS Pacific, Inc. has a 1 year low of $17.06 and a 1 year high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.83). The firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $131.07 million. JAKKS Pacific had a return on equity of 15.87% and a net margin of 5.10%. On average, equities analysts expect that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. JAKKS Pacific’s payout ratio is 33.22%.

About JAKKS Pacific

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.