In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jakks Pacific Inc. (NASDAQ:JAKK) reported that Hong Kong Meisheng Cultural Co Ltd has picked up 5,239,538 of common stock as of 2017-05-03.
The acquisition brings the aggregate amount owned by Hong Kong Meisheng Cultural Co Ltd to a total of 5,239,538 representing less than 19.5% stake in the company.
For those not familiar with the company, JAKKS Pacific, Inc. is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys. The traditional toys and electronics segment includes action figures, vehicles, playsets, plush products, dolls, accessories, electronic products, construction toys, infant and pre-school toys, foot to floor ride-on vehicles, wagons and pet products and related products. The role play, novelty and seasonal segment includes role play and dress-up products, novelty toys, seasonal and outdoor products, indoor and outdoor kids’ furniture and Halloween and everyday costume play.
A glance at Jakks Pacific Inc. (NASDAQ:JAKK)’s key stats reveals a current market capitalization of 112.56 Million based on 19.38 Million shares outstanding and a price at last close of $4.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-25, Oasis picked up 43,143 at a purchase price of $5.27. This brings their total holding to 1,438,977 as of the date of the filing.
On the sell side, the most recent transaction saw Pine unload 330,200 shares at a sale price of $7.95. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Jakks Pacific Inc. (NASDAQ:JAKK). as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.