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. Continue Reading »