Virtu Financial LLC Takes $177,000 Position in Funko, Inc. (NASDAQ:FNKO)

Virtu Financial LLC bought a new stake in Funko, Inc. (NASDAQ:FNKO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,840 shares of the company’s stock, valued at approximately $177,000.

Several other hedge funds have also bought and sold shares of the company. Parcion Private Wealth LLC raised its stake in Funko by 698.4% in the fourth quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock valued at $9,842,000 after buying an additional 1,113,788 shares during the period. Bayberry Capital Partners LP raised its stake in Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after acquiring an additional 308,000 shares during the period. Working Capital Advisors UK Ltd. lifted its holdings in Funko by 4.6% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock valued at $55,114,000 after purchasing an additional 310,639 shares during the last quarter. Trexquant Investment LP bought a new position in Funko during the third quarter worth $412,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Funko in the third quarter valued at $8,693,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Trading Up 0.8 %

Shares of Funko stock opened at $10.22 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. The firm has a 50-day moving average of $8.03 and a 200-day moving average of $7.31. Funko, Inc. has a 52-week low of $5.27 and a 52-week high of $11.88. The stock has a market cap of $547.79 million, a PE ratio of -4.07 and a beta of 1.21.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The firm had revenue of $215.70 million during the quarter, compared to the consensus estimate of $218.26 million. As a group, sell-side analysts forecast that Funko, Inc. will post -0.27 EPS for the current year.

Insider Buying and Selling

In other Funko news, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction on Monday, May 13th. The stock was sold at an average price of $7.42, for a total value of $71,254.26. Following the completion of the transaction, the insider now directly owns 73,781 shares of the company’s stock, valued at approximately $547,455.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Funko news, insider Andrew David Oddie sold 9,603 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $7.42, for a total value of $71,254.26. Following the transaction, the insider now directly owns 73,781 shares of the company’s stock, valued at approximately $547,455.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tracy D. Daw sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total transaction of $45,600.00. Following the sale, the insider now directly owns 58,670 shares of the company’s stock, valued at approximately $356,713.60. The disclosure for this sale can be found here. Insiders have sold 62,360 shares of company stock valued at $517,226 over the last 90 days. 4.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FNKO shares. B. Riley raised their target price on shares of Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. DA Davidson raised their price objective on shares of Funko from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.33.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.