American Century Companies Inc. Has $5.03 Million Stock Position in JAKKS Pacific, Inc. (NASDAQ:JAKK)

American Century Companies Inc. cut its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,715 shares of the company’s stock after selling 30,202 shares during the quarter. American Century Companies Inc. owned about 1.63% of JAKKS Pacific worth $5,031,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JAKK. Koss Olinger Consulting LLC increased its position in JAKKS Pacific by 13.0% during the fourth quarter. Koss Olinger Consulting LLC now owns 22,609 shares of the company’s stock worth $636,000 after acquiring an additional 2,605 shares during the period. Monimus Capital Management LP bought a new position in shares of JAKKS Pacific during the 4th quarter worth about $6,189,000. Commonwealth Equity Services LLC acquired a new position in shares of JAKKS Pacific during the fourth quarter valued at about $219,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of JAKKS Pacific in the fourth quarter valued at about $447,000. Finally, Proficio Capital Partners LLC acquired a new stake in JAKKS Pacific during the fourth quarter worth about $230,000. 44.38% of the stock is owned by institutional investors.

Insider Buying and Selling

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, for a total transaction of $394,138.35. Following the completion of the transaction, the insider now directly owns 1,900,837 shares of the company’s stock, valued at approximately $49,402,753.63. The trade was a 0.80 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

JAKKS Pacific Stock Down 3.9 %

JAKKS Pacific stock opened at $20.52 on Friday. The business has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $27.58. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $35.79. The stock has a market cap of $228.72 million, a price-to-earnings ratio of 6.82 and a beta of 2.15.

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). 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, analysts expect that JAKKS Pacific, Inc. will post 3.52 earnings per share for the current fiscal year.

JAKKS Pacific Dividend Announcement

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

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.