Fundamental Capital Partners, Sells 229,561 Shares of Funko Inc (NASDAQ:FNKO) Stock

Share on StockTwits

Funko Inc (NASDAQ:FNKO) major shareholder Fundamental Capital Partners, sold 229,561 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $23.73, for a total transaction of $5,447,482.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Fundamental Capital Partners, also recently made the following trade(s):

  • On Friday, May 10th, Fundamental Capital Partners, sold 22,739 shares of Funko stock. The stock was sold at an average price of $23.14, for a total transaction of $526,180.46.
  • On Tuesday, May 7th, Fundamental Capital Partners, sold 269,500 shares of Funko stock. The stock was sold at an average price of $21.15, for a total transaction of $5,699,925.00.

FNKO opened at $23.55 on Wednesday. The business has a 50 day simple moving average of $21.68. The company has a market cap of $1.18 billion, a P/E ratio of 34.63, a PEG ratio of 1.39 and a beta of 2.15. Funko Inc has a 12 month low of $11.22 and a 12 month high of $31.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.31 and a current ratio of 1.94.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. Funko had a net margin of 1.48% and a return on equity of 15.28%. The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $159.59 million. During the same period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, equities analysts anticipate that Funko Inc will post 0.95 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its holdings in Funko by 58,400.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock valued at $51,000 after purchasing an additional 2,336 shares during the period. Metropolitan Life Insurance Co NY bought a new position in Funko in the 1st quarter valued at $85,000. MetLife Investment Advisors LLC bought a new position in Funko in the 1st quarter valued at $118,000. Citigroup Inc. boosted its holdings in Funko by 152.7% in the 4th quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock valued at $96,000 after purchasing an additional 4,402 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Funko by 50.2% in the 4th quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after purchasing an additional 4,539 shares during the period. 45.92% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. DA Davidson assumed coverage on shares of Funko in a report on Thursday, June 20th. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research raised shares of Funko from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a report on Monday, May 6th. Stifel Nicolaus raised their price objective on shares of Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 4th. They noted that the move was a valuation call. Piper Jaffray Companies set a $27.00 price objective on shares of Funko and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, BMO Capital Markets raised their price objective on shares of Funko from $12.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Funko presently has a consensus rating of “Buy” and a consensus target price of $24.30.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

See Also: Trading Stocks – What are percentage gainers?

Insider Buying and Selling by Quarter for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.