Funko Inc (NASDAQ:FNKO) Major Shareholder Fundamental Capital Partners, Sells 196,309 Shares

Funko Inc (NASDAQ:FNKO) major shareholder Fundamental Capital Partners, sold 196,309 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $23.72, for a total transaction of $4,656,449.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, August 9th, Fundamental Capital Partners, sold 629,746 shares of Funko stock. The shares were sold at an average price of $23.71, for a total transaction of $14,931,277.66.
  • On Wednesday, July 31st, Fundamental Capital Partners, sold 83,200 shares of Funko stock. The shares were sold at an average price of $25.00, for a total transaction of $2,080,000.00.
  • On Monday, July 29th, Fundamental Capital Partners, sold 99,468 shares of Funko stock. The shares were sold at an average price of $24.39, for a total transaction of $2,426,024.52.
  • On Wednesday, July 24th, Fundamental Capital Partners, sold 72,784 shares of Funko stock. The shares were sold at an average price of $24.08, for a total transaction of $1,752,638.72.
  • On Friday, July 19th, Fundamental Capital Partners, sold 17,316 shares of Funko stock. The shares were sold at an average price of $24.04, for a total transaction of $416,276.64.
  • On Monday, July 1st, Fundamental Capital Partners, sold 141,132 shares of Funko stock. The shares were sold at an average price of $25.19, for a total transaction of $3,555,115.08.
  • On Monday, June 24th, Fundamental Capital Partners, sold 229,561 shares of Funko stock. The shares were sold at an average price of $23.73, for a total transaction of $5,447,482.53.

NASDAQ:FNKO traded down $0.36 during mid-day trading on Thursday, hitting $23.00. 1,616 shares of the company’s stock were exchanged, compared to its average volume of 843,383. The stock’s 50 day moving average is $23.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.31. Funko Inc has a fifty-two week low of $11.22 and a fifty-two week high of $31.12. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 1.32 and a beta of 2.09.



Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 8th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. Funko had a net margin of 2.00% and a return on equity of 17.28%. The business had revenue of $191.20 million for the quarter, compared to the consensus estimate of $170.69 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. On average, analysts forecast that Funko Inc will post 1.02 earnings per share for the current year.

A number of large investors have recently bought and sold shares of FNKO. NumerixS Investment Technologies Inc acquired a new stake in Funko during the 2nd quarter worth approximately $31,000. Bank of Montreal Can boosted its position in Funko by 7,766.7% during the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock worth $34,000 after buying an additional 1,398 shares during the period. BNP Paribas Arbitrage SA boosted its position in Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after buying an additional 2,336 shares during the period. Metropolitan Life Insurance Co NY acquired a new stake in Funko during the 1st quarter worth approximately $85,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Funko during the 1st quarter worth approximately $118,000. Institutional investors and hedge funds own 46.64% of the company’s stock.

FNKO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Funko from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Monday, May 6th. DA Davidson raised their price target on shares of Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets raised their price target on shares of Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday. Bank of America raised their price target on shares of Funko from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus raised their price target on shares of Funko from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.56.

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.

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

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