In August, significantly fewer short positions were held in JAKKS Pacific, Inc. (NASDAQ: JAKK). As of August 15, there were 54,600 shares available for a short sale, which is a decrease of 67.4% from the 167,600 shares available for a short sale as of July 31.
The current days-to-cover ratio is 0.3 days, which can be calculated based on the average daily volume of 163,900 shares. To round up the year, here are the winners of the insider transactions at JAKKS Pacific for 2021. On June 2, 20,000 new shares of JAKKS Pacific stock were purchased by Lawrence I. Rosen, an important stakeholder in the company.
The stock purchase costs $260,000.00, an average price of $13.00 per share. As a direct result of the acquisition, the company insider now holds a total of 1,893,049 shares of the business, which have a combined value of around $24,609,637. Following the link will lead you to a legal file maintained by the S.E.C. where information regarding the transaction can be found. In other news, on August 1, a big shareholder known as Benefits Street Partners L.L.C. sold 85,000 shares of the company’s stock. The stock sale resulted in a total transaction volume of $1,915,900.00 and an average selling price of $22.54 per share.
After the conclusion of the transaction, the business insider now directly owns 776,524 shares of the company’s stock, which has an estimated market value of $17,502,850.96. The Securities and Exchange Commission was provided with a report regarding the transaction, which can be viewed on the official website of the S.E.C. In addition, on Thursday, June 2, major shareholder Lawrence I. Rosen purchased 20,000 shares of company stock. The cost of purchasing one share was equal to an average of $13.00, which resulted in a total expenditure of $260,000.00.
As a direct result of the transaction, the insider now directly owns 1,893,049 shares of the business, which have a value of $24,609,637. It is the location where you may find the disclosure regarding this transaction. Insiders own 2.40 percent of the total outstanding shares in the corporation. JAKKS Pacific Is Being Considered Again By Institutional Investors Recently. Significant investors adjusted the amount of stock they held in the company. The Northern Trust Corporation increased its holdings in JAKKS Pacific by 9.6% during the second quarter. Since the beginning of this quarter, Northern Trust Corp has acquired an additional 1,260 shares, bringing its total number of shares to 14,408, which are now valued at $182,000.00. During the first three months of 2018, State Street Corporation increased its holdings in JAKKS Pacific by 8.0%. After purchasing an additional 1,923 shares throughout the quarter, State Street Corp. now owns 26,109 shares, with a value of $366,000.
During the first three months of 2018, Bank of New York Mellon Corporation increased its holdings in JAKKS Pacific by 11.2%. The company now owns 19,545 shares, valued at $274,000, after making an additional purchase of 1,972 shares during the most recent quarter. The value of Steward Partners Investment Advisory L.L.C.’s holdings in JAKKS Pacific increased by 8.6% during the period covered by the fourth quarter report. Following the purchase of 2,500 additional shares in the company during the most recent fiscal quarter, Steward Partners Investment Advisory L.L.C. now has a total of 31,550 shares in the business, which has a value of $321,000. (31,550 shares). Last but not least, during the first quarter, Clear Harbor Asset Management L.L.C. increased the percentage of JAKKS Pacific shares it owned by 23.0%. Clear Harbor Asset Management L.L.C. now has 22,094 shares of the company’s stock, valued at $310,000 after acquiring an additional 4,125 shares during the period in question. Institutional investors own the company’s stock to 57.15 percent. The performance of the JAKKS Pacific Stock The cost of JAKKS Pacific continues to escalate.
On Friday, NASDAQ: JAKK was given a listing price of $25.39. The $7.50 and $27.00 represent a one-year low and high for JAKKS Pacific. The company has a P/E ratio of 4.39, a beta value of 2.35, and a market capitalization of $246.89 million. The moving average for the company over the past 50 days is $17.78, and the moving average over the last 200 days is $15.15. The debt-to-equity ratio comes in at 1.06, the quick ratio comes in at 0.97, and the current ratio comes in at 1.47. Alterations to Analyst Ratings: Reports on the JAKK stock have been published by several analysts. On Tuesday, May 3, B.M.O. Capital Markets upgraded their recommendation on JAKKS Pacific, moving it from “market perform” to “outperform.” In addition, they raised the price target they had set for the stock from $15.00 to $21.00. In a research note published on Friday, July 15, Jefferies Financial Group announced they would decrease their target price for JAKKS Pacific from $15.00 to $14.00.
In a research report published on Wednesday, August 17, Bloomberg upgraded its recommendation for JAKKS Pacific from “buy” to “strong-buy,” indicating even greater enthusiasm for the stock. JAKKS Pacific, Inc. is responsible for the design, development, manufacturing, marketing, sales, and distribution of a wide variety of items on a global scale. These products include toys, consumables, electronics, and associated goods. It is broken down into two distinct commercial sectors: the costume industry and the toys and consumer goods industry. The company sells licensed action figures and their accompanying accessories; toy cars and their accessories; dolls and their accompanying accessories, including small, big, fashion, and baby dolls; infant and preschool toys; private-label goods; foot-to-floor ride-on goods; inflatable sets, tents, and wagons; and ride-on goods with private labels.