JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Update

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 450,100 shares, an increase of 6.9% from the May 31st total of 421,000 shares. Based on an average daily trading volume, of 105,400 shares, the short-interest ratio is currently 4.3 days.

Insider Buying and Selling at JAKKS Pacific

In related news, major shareholder Lawrence I. Rosen purchased 10,088 shares of JAKKS Pacific stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of $17.58 per share, with a total value of $177,347.04. Following the purchase, the insider now owns 1,885,672 shares in the company, valued at approximately $33,150,113.76. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock worth $9,272,000 after purchasing an additional 10,746 shares during the period. LSV Asset Management lifted its holdings in shares of JAKKS Pacific by 40.3% in the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock valued at $5,246,000 after purchasing an additional 60,977 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of JAKKS Pacific by 56.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after buying an additional 43,009 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of JAKKS Pacific by 35.7% during the first quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock valued at $2,433,000 after buying an additional 25,900 shares in the last quarter. Finally, Empowered Funds LLC raised its position in JAKKS Pacific by 7.8% during the first quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock valued at $1,189,000 after buying an additional 3,500 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK opened at $18.05 on Thursday. The stock has a fifty day moving average of $18.49 and a 200-day moving average of $25.59. The company has a market capitalization of $194.96 million, a PE ratio of 6.64 and a beta of 2.37. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). The company had revenue of $90.08 million during the quarter, compared to analyst estimates of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.86%. As a group, research analysts forecast that JAKKS Pacific will post 2.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JAKK has been the subject of several research reports. StockNews.com cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Ascendiant Capital Markets lowered their price objective on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 1st.

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.