JAKKS Pacific, Inc. (NASDAQ:JAKK) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 96.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,473 shares of the company’s stock after selling 416,420 shares during the period. Franklin Resources Inc.’s holdings in JAKKS Pacific were worth $407,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp grew its holdings in JAKKS Pacific by 4.2% in the 3rd quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after buying an additional 5,901 shares in the last quarter. Barclays PLC increased its position in JAKKS Pacific by 62.1% during the third quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after purchasing an additional 6,526 shares during the last quarter. Geode Capital Management LLC raised its stake in JAKKS Pacific by 6.9% during the third quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock worth $5,057,000 after purchasing an additional 12,809 shares during the period. Evernest Financial Advisors LLC acquired a new position in JAKKS Pacific in the 4th quarter valued at about $1,437,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $89,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Lawrence I. Rosen purchased 15,165 shares of the stock in a transaction dated Monday, March 24th. The stock was acquired 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 in the company, valued at approximately $49,402,753.63. This represents a 0.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.

JAKKS Pacific Stock Performance

JAKK stock opened at $18.84 on Friday. JAKKS Pacific, Inc. has a one year low of $17.06 and a one year high of $35.79. The firm has a market cap of $209.99 million, a PE ratio of 6.26 and a beta of 1.87. The firm’s 50 day moving average price is $25.46 and its 200-day moving average price is $27.08.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly 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 business had revenue of $130.74 million during the quarter, compared to analyst estimates of $131.07 million. JAKKS Pacific had a net margin of 5.10% and a return on equity of 15.87%. Equities research analysts predict that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

JAKKS Pacific Announces Dividend

The business also recently disclosed 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 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.