Charles Schwab Investment Management Inc. Boosts Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Charles Schwab Investment Management Inc. grew its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,449 shares of the company’s stock after purchasing an additional 1,258 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of JAKKS Pacific worth $716,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in JAKKS Pacific during the fourth quarter valued at approximately $89,000. Lynch Asset Management Inc. purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at $204,000. Metis Global Partners LLC bought a new position in shares of JAKKS Pacific during the 4th quarter valued at $208,000. Proficio Capital Partners LLC purchased a new position in JAKKS Pacific in the 4th quarter worth $230,000. Finally, Hohimer Wealth Management LLC purchased a new position in JAKKS Pacific in the 3rd quarter worth $230,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Up 0.4 %

NASDAQ JAKK opened at $24.67 on Tuesday. The company has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $27.66. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $35.79. The firm has a market cap of $274.97 million, a price-to-earnings ratio of 8.20 and a beta of 2.15.

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

JAKKS Pacific Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. JAKKS Pacific’s dividend payout ratio is 33.22%.

Insider Buying and Selling

In other news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the business’s stock in a transaction on Monday, March 24th. The shares were acquired at an average price 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 approximately $49,402,753.63. The trade was a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by insiders.

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.