Islay Capital Management LLC Makes New $1.15 Million Investment in JAKKS Pacific, Inc. $JAKK

Islay Capital Management LLC bought a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 46,568 shares of the company’s stock, valued at approximately $1,149,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC bought a new stake in shares of JAKKS Pacific in the 1st quarter valued at about $32,000. CWM LLC grew its position in shares of JAKKS Pacific by 464.0% in the 1st quarter. CWM LLC now owns 3,057 shares of the company’s stock valued at $75,000 after buying an additional 2,515 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $89,000. US Bancorp DE bought a new stake in shares of JAKKS Pacific in the 1st quarter valued at about $78,000. Finally, State of Wyoming bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $113,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $43.50.

JAKKS Pacific Price Performance

Shares of JAKKS Pacific stock opened at $18.57 on Monday. JAKKS Pacific, Inc. has a one year low of $16.24 and a one year high of $35.79. The stock’s 50-day moving average is $19.11 and its 200 day moving average is $21.86. The firm has a market cap of $207.06 million, a price-to-earnings ratio of 5.48 and a beta of 1.19.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.00 annualized dividend and a yield of 5.4%. JAKKS Pacific’s dividend payout ratio is presently 29.50%.

JAKKS Pacific Company 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.