GSA Capital Partners LLP Takes $656,000 Position in Funko, Inc. (NASDAQ:FNKO)

GSA Capital Partners LLP bought a new stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 105,110 shares of the company's stock, valued at approximately $656,000. GSA Capital Partners LLP owned approximately 0.20% of Funko at the end of the most recent quarter.

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Several other hedge funds have also recently made changes to their positions in FNKO. Parcion Private Wealth LLC grew its holdings in Funko by 698.4% during the 4th quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company's stock valued at $9,842,000 after purchasing an additional 1,113,788 shares during the last quarter. Working Capital Advisors UK Ltd. grew its holdings in Funko by 4.6% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company's stock valued at $55,114,000 after purchasing an additional 310,639 shares during the last quarter. Bayberry Capital Partners LP grew its holdings in Funko by 48.1% during the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company's stock valued at $7,328,000 after purchasing an additional 308,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Funko in the 3rd quarter worth about $553,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Funko in the 4th quarter worth about $477,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson upped their target price on shares of Funko from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, June 12th. B. Riley upped their target price on shares of Funko from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.33.

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Check Out Our Latest Research Report on FNKO

Insider Activity at Funko

In related news, insider Tracy D. Daw sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the sale, the insider now owns 16,362 shares of the company's stock, valued at $152,657.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tracy D. Daw sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the sale, the insider now owns 16,362 shares of the company's stock, valued at $152,657.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew David Oddie sold 16,719 shares of the firm's stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $10.09, for a total transaction of $168,694.71. Following the completion of the transaction, the insider now directly owns 40,372 shares of the company's stock, valued at approximately $407,353.48. The disclosure for this sale can be found here. Insiders sold 70,726 shares of company stock valued at $633,009 over the last 90 days. Insiders own 4.81% of the company's stock.

Funko Price Performance

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NASDAQ FNKO opened at $9.80 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. The firm's 50 day moving average price is $9.07 and its 200-day moving average price is $7.57. Funko, Inc. has a 52-week low of $5.27 and a 52-week high of $10.53. The company has a market cap of $525.28 million, a PE ratio of -3.90 and a beta of 1.18.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.10. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The firm had revenue of $215.70 million for the quarter, compared to the consensus estimate of $218.26 million. Sell-side analysts forecast that Funko, Inc. will post -0.27 EPS for the current fiscal year.

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.

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