Heck Capital Advisors LLC Invests $89,000 in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Heck Capital Advisors LLC bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,150 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hohimer Wealth Management LLC purchased a new position in JAKKS Pacific in the third quarter valued at about $230,000. Sei Investments Co. grew its stake in shares of JAKKS Pacific by 50.9% in the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after buying an additional 4,500 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of JAKKS Pacific during the 3rd quarter valued at about $317,000. Barclays PLC lifted its position in JAKKS Pacific by 62.1% during the 3rd quarter. Barclays PLC now owns 17,037 shares of the company’s stock worth $435,000 after acquiring an additional 6,526 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its holdings in 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 acquiring an additional 1,050 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

Insider Activity

In related news, CFO John Louis Kimble sold 48,253 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 95,544 shares of the company’s stock, valued at $2,638,925.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.50% of the company’s stock.

JAKKS Pacific Price Performance

JAKK opened at $30.08 on Monday. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $36.35. The stock has a market capitalization of $330.58 million, a PE ratio of 11.06 and a beta of 2.23. The firm’s fifty day moving average price is $27.97 and its 200 day moving average price is $25.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JAKK shares. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. B. Riley raised their target price on JAKKS Pacific from $37.00 to $41.00 and gave the company 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific presently has a consensus rating of “Buy” and a consensus price target of $41.67.

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.