Stifel Financial Corp boosted its stake in Funko Inc (NASDAQ:FNKO) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,248 shares of the company’s stock after purchasing an additional 5,090 shares during the quarter. Stifel Financial Corp’s holdings in Funko were worth $201,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Sun Life Financial INC purchased a new stake in Funko during the fourth quarter worth approximately $61,000. Citigroup Inc. grew its stake in Funko by 152.7% during the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares during the period. Chicago Equity Partners LLC purchased a new stake in Funko during the fourth quarter worth approximately $160,000. Rhumbline Advisers grew its stake in Funko by 50.2% during the fourth quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock worth $178,000 after buying an additional 4,539 shares during the period. Finally, Algert Global LLC purchased a new stake in Funko during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.
Several research firms have issued reports on FNKO. Zacks Investment Research downgraded shares of Funko from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Stifel Nicolaus boosted their price objective on shares of Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, March 1st. BMO Capital Markets boosted their price objective on shares of Funko from $12.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Funko to $27.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.00.
Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, February 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Funko had a net margin of 1.36% and a return on equity of 13.97%. The business had revenue of $233.22 million for the quarter, compared to analysts’ expectations of $197.18 million. As a group, equities research analysts anticipate that Funko Inc will post 0.93 earnings per share for the current year.
In other news, major shareholder Fundamental Capital Partners, sold 248,865 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $21.57, for a total transaction of $5,368,018.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Andrew Mark Perlmutter sold 55,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $21.54, for a total transaction of $1,184,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,523,567 shares of company stock worth $30,692,772. Corporate insiders own 18.39% of the company’s stock.
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Funko Company Profile
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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