Connor Clark & Lunn Investment Management Ltd. Invests $196,000 in Funko, Inc. (NASDAQ:FNKO)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Funko, Inc. (NASDAQ:FNKO) in the third quarter, Holdings Channel reports. The firm bought 16,042 shares of the company’s stock, valued at approximately $196,000.

Several other large investors also recently bought and sold shares of FNKO. California State Teachers Retirement System lifted its stake in shares of Funko by 4.5% during the first quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock worth $207,000 after buying an additional 1,414 shares during the period. Quest Partners LLC acquired a new stake in Funko during the 2nd quarter worth about $25,000. Price T Rowe Associates Inc. MD grew its stake in Funko by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock valued at $246,000 after purchasing an additional 2,689 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock valued at $529,000 after purchasing an additional 4,475 shares during the period. Finally, Olympiad Research LP raised its stake in shares of Funko by 40.3% in the third quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock worth $288,000 after purchasing an additional 6,756 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Insider Activity

In related news, Director Michael C. Lunsford sold 7,361 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the transaction, the director now owns 108,613 shares of the company’s stock, valued at approximately $1,305,528.26. This represents a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,805 shares of company stock valued at $1,366,661 in the last three months. 4.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. B. Riley increased their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Stifel Nicolaus increased their price objective on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Funko in a research report on Thursday, November 14th.

Funko Stock Up 2.3 %

Shares of FNKO stock opened at $11.75 on Monday. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $12.61. The stock has a market cap of $636.38 million, a P/E ratio of -24.48 and a beta of 1.21. The stock has a 50 day moving average of $11.62 and a 200 day moving average of $10.37. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

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.