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

JAKKS Pacific, Inc. (NASDAQ:JAKK) saw a large 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 volume of 95,700 shares, the short-interest ratio is currently 5.1 days.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $23.09 on Wednesday. The firm’s 50-day moving average is $19.49 and its two-hundred day moving average is $22.31. The company has a market capitalization of $249.40 million, a PE ratio of 8.49 and a beta of 2.37. JAKKS Pacific has a 12-month low of $15.30 and a 12-month high of $36.84.

Insiders Place Their Bets

In related news, major shareholder Lawrence I. Rosen purchased 10,088 shares of the business’s stock in a transaction dated 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 acquisition, 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On JAKKS Pacific

A number of large investors have recently bought and sold shares of JAKK. nVerses Capital LLC acquired a new position in shares of JAKKS Pacific in the second quarter worth $25,000. Meeder Asset Management Inc. lifted its holdings in JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after purchasing an additional 3,331 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in 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 purchasing an additional 1,494 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of JAKKS Pacific by 13.0% during the 1st quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after buying an additional 1,636 shares in the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th.

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.