Bank of New York Mellon Corp Purchases 12,241 Shares of Funko, Inc. (NASDAQ:FNKO)

Bank of New York Mellon Corp lifted its position in Funko, Inc. (NASDAQ:FNKO) by 14.7% during the 4th quarter, Holdings Channel reports. The firm owned 95,406 shares of the company’s stock after buying an additional 12,241 shares during the quarter. Bank of New York Mellon Corp’s holdings in Funko were worth $1,277,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Funko in the 4th quarter worth about $38,000. Quest Partners LLC grew its holdings in Funko by 160.9% during the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after acquiring an additional 4,045 shares during the last quarter. Walleye Capital LLC bought a new stake in Funko during the 3rd quarter worth about $129,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Funko during the 3rd quarter worth about $196,000. Finally, SG Americas Securities LLC grew its holdings in Funko by 64.8% during the 4th quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock worth $245,000 after acquiring an additional 7,195 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

Funko Stock Performance

Shares of NASDAQ:FNKO opened at $7.30 on Monday. The company has a market capitalization of $395.34 million, a price-to-earnings ratio of -15.21 and a beta of 0.94. The firm’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $11.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $14.65.

Insiders Place Their Bets

In other Funko news, Director Jason Harinstein acquired 15,000 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $106,350. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the completion of the sale, the insider now owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,029 shares of company stock worth $611,475. Company insiders own 4.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. DA Davidson decreased their price objective on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus increased their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd.

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.