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CEO of Jakks Pacific Buys 5,000 Shares of Company

Stephen Berman (Insider Trades), CEO, president and secretary of Jakks Pacific Inc. (JAKK), bought 5,000 shares of the company on Feb. 29. The average price per share was $6.94 for a total transaction cost of $34,700. Jakks Pacific is a designer and marketer of children's toys. The company has a market cap of $135.13 million and P/S ratio of 0.15.

The number and volume of insider transactions from 2013 to 2016 did not follow an obvious increasing or decreasing trend. There were three insider buys in 2013, all conducted by 10% owner Patrick Soon Shiong (Insider Trades). Soon Shiong also sold 226,791 shares in the only two insider sells of JAKK in 2015. Oasis Management Co. Ltd., another 10% owner, also purchased 1,344,050 shares in the only three insider buys in 2015. Aside from Berman's aforementioned transaction, there were two other insider trades in the first two months of 2016. Directors Rex Poulsen (Insider Trades) and Michael Sitrick (Insider Trades) acquired 10,000 and 35,000 shares at an average price of $6.87 and $6.75 per share. The increase in insider buys in the beginning of 2016 correlates to a decrease in month-end price. For more information about insider trades with JAKK, click here.


The company reported net loss of $9.330 million or 50 cents per share in the fourth quarter of 2015. Net income decreased from $2.789 million, or 14 cents per share reported by the company in the previous year. Gross profit also decreased from $174,319 million to $113.832 million during the same period of time. Net income follows a decreasing trend line, while revenue grew 1.89% since 2011. Berman commented that he is "pleased with the company's overall 2015 performance," highlighting the company's continued International growth and the company's "alliance with strategic licensing partners."


According to GuruFocus.com information, Jakks Pacific Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.

Jim Simons (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) both decreased their stake in JAKK in the fourth quarter of 2015. Simons sold 238,800 shares and Jones sold 9,398 shares of the company at an average per share price of $8.14. The total estimated loss of each holding is 13% and 5%. For more information about guru trades with JAKK, click here.

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This article first appeared on GuruFocus.