Walleye Capital LLC Acquires New Shares in Funko, Inc. (NASDAQ:FNKO)

Walleye Capital LLC acquired a new stake in Funko, Inc. (NASDAQ:FNKO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,528 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FNKO. FMR LLC increased its stake in shares of Funko by 1,541.0% in the 3rd quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after purchasing an additional 54,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Funko in the 3rd quarter worth $860,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Funko in the 3rd quarter worth $196,000. Quest Partners LLC increased its stake in shares of Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares in the last quarter. Finally, Olympiad Research LP increased its stake in shares of Funko by 40.3% in the 3rd quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock worth $288,000 after purchasing an additional 6,756 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

Funko Trading Up 3.1 %

NASDAQ:FNKO opened at $11.86 on Thursday. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $12.61. The firm has a fifty day simple moving average of $11.57 and a 200-day simple moving average of $10.54. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $642.34 million, a P/E ratio of -24.71 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FNKO. B. Riley increased their price target 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 set a $16.00 price objective on shares of Funko in a research report on Thursday, November 14th. Finally, Stifel Nicolaus raised their price objective on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at Funko

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the sale, the director now owns 11,613 shares in the company, valued at approximately $120,775.20. This represents a 89.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 10,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.00, for a total transaction of $120,000.00. Following the completion of the sale, the insider now owns 6,362 shares of the company’s stock, valued at approximately $76,344. The trade was a 61.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,805 shares of company stock valued at $1,366,661. 4.81% of the stock is owned by insiders.

Funko 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.