GSA Capital Partners LLP Purchases Shares of 105,110 Funko, Inc. (NASDAQ:FNKO)

GSA Capital Partners LLP purchased a new stake in shares of Funko, Inc. (NASDAQ:FNKO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 105,110 shares of the company’s stock, valued at approximately $656,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNKO. Quarry LP acquired a new position in shares of Funko during the fourth quarter worth $34,000. Tower Research Capital LLC TRC lifted its position in shares of Funko by 145.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after purchasing an additional 4,861 shares in the last quarter. RPO LLC acquired a new position in shares of Funko during the fourth quarter worth $86,000. Virtu Financial LLC acquired a new position in shares of Funko during the fourth quarter worth $177,000. Finally, Versor Investments LP acquired a new position in shares of Funko during the fourth quarter worth $192,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Tracy D. Daw sold 20,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $9.33, for a total value of $186,600.00. Following the completion of the sale, the insider now owns 16,362 shares of the company’s stock, valued at $152,657.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Funko news, insider Tracy D. Daw sold 20,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $9.33, for a total value of $186,600.00. Following the completion of the sale, the insider now directly owns 16,362 shares of the company’s stock, valued at approximately $152,657.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew David Oddie sold 16,690 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $9.22, for a total transaction of $153,881.80. Following the completion of the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at $526,379.02. The disclosure for this sale can be found here. Insiders sold 70,726 shares of company stock valued at $633,009 over the last 90 days. 4.81% of the stock is currently owned by company insiders.

Funko Stock Performance

Shares of FNKO opened at $9.80 on Friday. The company has a market cap of $525.28 million, a price-to-earnings ratio of -3.90 and a beta of 1.18. The firm has a fifty day moving average of $9.07 and a 200-day moving average of $7.57. Funko, Inc. has a 1 year low of $5.27 and a 1 year high of $10.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87.

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

Analyst Ratings Changes

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

Funko Company Profile

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.