Proficio Capital Partners LLC Purchases New Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Proficio Capital Partners LLC purchased a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,175 shares of the company’s stock, valued at approximately $230,000. Proficio Capital Partners LLC owned approximately 0.07% of JAKKS Pacific as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JAKK. Heck Capital Advisors LLC bought a new position in shares of JAKKS Pacific in the fourth quarter valued at $89,000. Lynch Asset Management Inc. bought a new position in shares of JAKKS Pacific in the 4th quarter valued at about $204,000. Metis Global Partners LLC acquired a new position in shares of JAKKS Pacific during the 4th quarter worth about $208,000. Hohimer Wealth Management LLC bought a new stake in shares of JAKKS Pacific in the 3rd quarter valued at about $230,000. Finally, Barclays PLC lifted its stake in JAKKS Pacific by 62.1% in the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock valued at $435,000 after purchasing an additional 6,526 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Stock Performance

JAKKS Pacific stock opened at $25.52 on Thursday. The stock has a 50-day simple moving average of $28.64 and a 200 day simple moving average of $27.60. The stock has a market capitalization of $284.45 million, a P/E ratio of 8.48 and a beta of 2.15. JAKKS Pacific, Inc. has a 52 week low of $17.06 and a 52 week high of $35.79.

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

JAKKS Pacific Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. JAKKS Pacific’s payout ratio is presently 33.22%.

Insider Transactions at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of $25.99 per share, with a total value of $394,138.35. Following the acquisition, the insider now directly owns 1,900,837 shares in the company, valued at $49,402,753.63. The trade was a 0.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

JAKKS Pacific 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.