Los Angeles Capital Management LLC Sells 4,400 Shares of Funko, Inc. (NASDAQ:FNKO)

Los Angeles Capital Management LLC lowered its position in shares of Funko, Inc. (NASDAQ:FNKO) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,317 shares of the company’s stock after selling 4,400 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Funko were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNKO. Olympiad Research LP boosted its stake in Funko by 40.3% during the third quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock worth $288,000 after acquiring an additional 6,756 shares in the last quarter. Creative Planning purchased a new position in shares of Funko during the third quarter valued at approximately $240,000. SG Americas Securities LLC bought a new stake in shares of Funko in the 3rd quarter worth approximately $136,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Funko in the 2nd quarter worth approximately $121,000. Finally, Marshall Wace LLP increased its position in Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after buying an additional 654,359 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Funko news, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction on 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 directly owns 6,362 shares in the company, valued at approximately $76,344. The trade was a 61.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the transaction, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. This trade represents a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,805 shares of company stock valued at $357,861 in the last 90 days. 4.81% of the stock is currently owned by insiders.

Funko Trading Up 0.3 %

Funko stock opened at $10.39 on Friday. Funko, Inc. has a one year low of $5.36 and a one year high of $12.61. The business’s fifty day moving average is $11.65 and its 200 day moving average is $10.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.59. The stock has a market capitalization of $560.44 million, a PE ratio of -21.65 and a beta of 1.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. B. Riley increased their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday.

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.