Los Angeles Capital Management LLC Increases Funko, Inc. (NASDAQ:FNKO)


Los Angeles Capital Management LLC has raised its stakes in Funko, Inc. (NASDAQ:FNKO – Get Rating) at 94.1% during Q1, according to the company on its most recent SEC Form 13F. The company owned 50,384 shares of the company after purchasing an additional 24,430 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.10% of Funko worth $869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings in the business. Parcion Private Wealth LLC increased its holdings of Funko stock by 0.3% in the first quarter. Parcion Private Wealth LLC now owns 512,160 shares of the company worth $8,835,000 after purchasing an additional 1,500 shares during the period. Rice Hall James & Associates LLC increased its holdings in Funko by 2.7% during Q1. Rice Hall James & Associates LLC now owns 132,272 shares of the company worth $2,282,000 after purchasing an additional 3,501 shares during the period. Russell Investments Group Ltd. increased its holdings in Funko by 8,667.1% during Q1. Russell Investments Group Ltd. now owns 6,400 shares of the company worth $110,000 after purchasing an additional 6,327 shares during the period. Victory Capital Management Inc. increased its holdings in Funko by 1.9% during Q1. Victory Capital Management Inc. now owns 121,014 shares of the company worth $2,046,000 after purchasing an additional 2,232 shares during the period. Finally, Versor Investments LP increased its holdings in Funko by 96.6% during Q1. Versor Investments LP now owns 26,536 shares of the company worth $458,000 after purchasing an additional 13,036 shares during the period. Currently, 66.08% of the shares are owned by hedge funds and other institutional investors.

Wall Street analyst weighs in

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded Funko from a “neutral” rating to an “overweight” rating and raised its price target for the stock from $25.00 to $28.00 in a report on Thursday, June 23. DA Davidson lowered Funko’s price target from $50.00 to $48.00 and set a “buy” rating for the stock in a research report on Friday, Aug. 5.

Privileged transactions at Funko

In other news, CEO Andrew Mark Perlmutter sold 41,733 shares of the company in a transaction on Tuesday, June 28. The stock sold at an average price of $23.76 for a total value of $991,576.08. Upon completion of the sale, the CEO now owns 94,061 shares of the company, valued at approximately $2,234,889.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed on the SEC’s website. In other Funko news, source Tracy D. Daw sold 7,893 shares of Funko in a transaction dated Thursday, June 23. The stock sold at an average price of $22.64, for a total transaction of $178,697.52. Upon completion of the sale, the insider now owns 5,326 shares of the company, valued at approximately $120,580.64. The sale was disclosed in a legal document with the SEC, which can be accessed through this hyperlink. Additionally, CEO Andrew Mark Perlmutter sold 41,733 shares of Funko in a transaction dated Tuesday, June 28. The shares sold at an average price of $23.76 for a total value of $991,576.08. Following the transaction, the CEO now owns 94,061 shares of the company, valued at approximately $2,234,889.36. Disclosure for this sale can be found here. Insiders sold 56,335 shares of the company valued at $1,320,060 last quarter. 12.56% of the shares are currently held by people inside the company.

Funko stock at 1.4%

NASDAQ FNKO shares opened at $20.87 on Friday. The company has a current ratio of 1.37, an immediate cash ratio of 1.01 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.04 billion, a PE ratio of 19.50, a price-earnings-growth ratio of 0.56 and a beta of 1.91. The stock’s fifty-day simple moving average is $23.10 and its two-hundred-day simple moving average is $19.68. Funko, Inc. has a 12-month low of $15.28 and a 12-month high of $27.79.

Funko (NASDAQ:FNKO – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported earnings per share (EPS) of $0.26 for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $315.72 million in the quarter, compared with analysts’ expectations of $292.63 million. Funko had a return on equity of 15.64% and a net margin of 3.92%. Business revenue for the quarter increased 33.7% year-on-year. During the same quarter last year, the company earned $0.35 EPS. As a group, analysts expect Funko, Inc. record 1.72 EPS for the current fiscal year.

Funko profile

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Funko, Inc, a pop culture consumer products company, designs, supplies and distributes licensed pop culture products in the United States, Europe and internationally. The company supplies vinyl, blind miniatures and action figures; fashion accessories, including bags, backpacks and wallets; clothing, such as T-shirts and hats; board games, plush products and accessories such as key chains, pens and brooches; housewares, comprising cups and other home accessories, non-fungible plugs and others.

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)



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