Portolan Capital Management LLC Purchases Shares of 109,203 JAKKS Pacific, Inc. (NASDAQ:JAKK)

Portolan Capital Management LLC purchased a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 109,203 shares of the company’s stock, valued at approximately $2,787,000. Portolan Capital Management LLC owned approximately 0.99% of JAKKS Pacific at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JAKK. Kovack Advisors Inc. boosted its holdings in shares of JAKKS Pacific by 5.8% in the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock worth $487,000 after purchasing an additional 1,050 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of JAKKS Pacific by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,296 shares of the company’s stock worth $1,152,000 after acquiring an additional 1,363 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of JAKKS Pacific during the 2nd quarter worth approximately $25,000. Rhumbline Advisers lifted its stake in shares of JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in shares of JAKKS Pacific by 10.1% during the 2nd quarter. Simplicity Wealth LLC now owns 20,506 shares of the company’s stock worth $367,000 after acquiring an additional 1,888 shares during the last quarter. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Analyst Upgrades and Downgrades

JAKK has been the subject of a number of research analyst reports. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Maxim Group initiated coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price target for the company. Finally, B. Riley raised their price target on JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Stock Up 1.3 %

Shares of NASDAQ JAKK opened at $28.66 on Thursday. The business has a fifty day simple moving average of $27.36 and a two-hundred day simple moving average of $23.01. The firm has a market cap of $314.97 million, a PE ratio of 10.54 and a beta of 2.22. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.36. The business had revenue of $321.61 million during the quarter, compared to analyst estimates of $303.44 million. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. On average, research analysts expect that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

Insider Transactions at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the transaction, the chief financial officer now directly owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

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.