SG Americas Securities LLC Purchases New Shares in Funko, Inc. (NASDAQ:FNKO)

SG Americas Securities LLC acquired a new position in shares of Funko, Inc. (NASDAQ:FNKO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,099 shares of the company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Funko during the second quarter worth about $121,000. Marshall Wace LLP boosted its holdings in Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Funko during the 2nd quarter worth approximately $1,138,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after purchasing an additional 619,114 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Funko by 81.1% in the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after buying an additional 112,007 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Insider Activity at Funko

In other news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the completion of the transaction, the director now directly owns 98,974 shares in the company, valued at approximately $945,201.70. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 10,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the sale, the insider now owns 6,362 shares in the company, valued at approximately $76,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael C. Lunsford sold 5,900 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the sale, the director now directly owns 98,974 shares of the company’s stock, valued at $945,201.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,805 shares of company stock valued at $415,169 in the last quarter. Insiders own 4.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. B. Riley raised their price objective on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $12.00 price target on shares of Funko in a research report on Friday, August 9th. Finally, Stifel Nicolaus boosted their price target on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday.

Funko Trading Down 0.8 %

Shares of FNKO stock opened at $11.80 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $12.61. The company has a market cap of $632.47 million, a PE ratio of -4.70 and a beta of 1.20. The stock’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $9.48.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The firm had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $231.04 million. During the same quarter in the previous year, the business posted ($0.53) earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts predict that Funko, Inc. will post -0.21 EPS for the current fiscal year.

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.