JAKKS Pacific, Inc. (NASDAQ:JAKK) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 35.7% in the first quarter, HoldingsChannel.com reports. The fund owned 98,518 shares of the company’s stock after purchasing an additional 25,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in JAKKS Pacific were worth $2,433,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in shares of JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock worth $196,000 after buying an additional 1,494 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in JAKKS Pacific by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,983 shares of the company’s stock valued at $543,000 after acquiring an additional 1,931 shares in the last quarter. Corsair Capital Management L.P. raised its holdings in JAKKS Pacific by 26.8% in the fourth quarter. Corsair Capital Management L.P. now owns 15,146 shares of the company’s stock valued at $538,000 after acquiring an additional 3,200 shares in the last quarter. Empowered Funds LLC increased its stake in JAKKS Pacific by 7.8% in the first quarter. Empowered Funds LLC now owns 48,133 shares of the company’s stock valued at $1,189,000 after purchasing an additional 3,500 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of JAKKS Pacific in the 4th quarter valued at $192,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JAKK has been the subject of several research analyst reports. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Ascendiant Capital Markets cut their price objective on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Finally, Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th.

JAKKS Pacific Price Performance

NASDAQ:JAKK traded up $0.69 during mid-day trading on Monday, reaching $19.42. The company’s stock had a trading volume of 81,258 shares, compared to its average volume of 109,721. The company’s fifty day simple moving average is $18.42 and its two-hundred day simple moving average is $24.00. JAKKS Pacific, Inc. has a twelve month low of $15.30 and a twelve month high of $36.84. The stock has a market cap of $209.74 million, a P/E ratio of 7.14 and a beta of 2.37.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.91). The company had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.86%. Sell-side analysts expect that JAKKS Pacific, Inc. will post 2.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Lawrence I. Rosen acquired 10,088 shares of JAKKS Pacific stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of $17.58 per share, for a total transaction of $177,347.04. Following the transaction, the insider now directly owns 1,885,672 shares of the company’s stock, valued at approximately $33,150,113.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.20% of the stock is owned by company insiders.

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.