JAKKS Pacific, Inc. (NASDAQ:JAKK) Short Interest Down 7.7% in July

JAKKS Pacific, Inc. (NASDAQ:JAKK) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 490,600 shares, a decline of 7.7% from the July 15th total of 531,700 shares. Based on an average daily trading volume, of 95,700 shares, the days-to-cover ratio is presently 5.1 days.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JAKK shares. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Insider Activity

In related news, major shareholder Lawrence I. Rosen purchased 10,088 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased 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 of the company’s stock, valued at approximately $33,150,113.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Institutional Trading of JAKKS Pacific

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of JAKKS Pacific by 37.1% in the 4th quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after buying an additional 1,494 shares during the period. Summit Global Investments purchased a new stake in shares of JAKKS Pacific in the 4th quarter valued at approximately $756,000. LSV Asset Management raised its holdings in shares of JAKKS Pacific by 28.5% in the 4th quarter. LSV Asset Management now owns 151,403 shares of the company’s stock valued at $5,382,000 after purchasing an additional 33,607 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of JAKKS Pacific during the 4th quarter worth $468,000. Finally, Metis Global Partners LLC acquired a new position in shares of JAKKS Pacific during the fourth quarter worth $262,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $22.35 on Monday. The stock has a market capitalization of $241.40 million, a P/E ratio of 8.22 and a beta of 2.37. JAKKS Pacific has a fifty-two week low of $15.30 and a fifty-two week high of $36.84. The company has a 50 day moving average price of $19.31 and a 200 day moving average price of $22.44.

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.