Insider Selling: Funko Inc (NASDAQ:FNKO) Major Shareholder Sells 119,083 Shares of Stock

Funko Inc (NASDAQ:FNKO) major shareholder Fundamental Capital Partners, sold 119,083 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $22.67, for a total value of $2,699,611.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Tuesday, August 13th, Fundamental Capital Partners, sold 196,309 shares of Funko stock. The stock was sold at an average price of $23.72, for a total value of $4,656,449.48.
  • On Friday, August 9th, Fundamental Capital Partners, sold 629,746 shares of Funko stock. The stock was sold at an average price of $23.71, for a total value of $14,931,277.66.
  • On Wednesday, July 31st, Fundamental Capital Partners, sold 83,200 shares of Funko stock. The stock was sold at an average price of $25.00, for a total value of $2,080,000.00.
  • On Monday, July 29th, Fundamental Capital Partners, sold 99,468 shares of Funko stock. The stock was sold at an average price of $24.39, for a total value of $2,426,024.52.
  • On Wednesday, July 24th, Fundamental Capital Partners, sold 72,784 shares of Funko stock. The stock was sold at an average price of $24.08, for a total value of $1,752,638.72.
  • On Friday, July 19th, Fundamental Capital Partners, sold 17,316 shares of Funko stock. The stock was sold at an average price of $24.04, for a total value of $416,276.64.
  • On Monday, July 1st, Fundamental Capital Partners, sold 141,132 shares of Funko stock. The stock was sold at an average price of $25.19, for a total value of $3,555,115.08.
  • On Monday, June 24th, Fundamental Capital Partners, sold 229,561 shares of Funko stock. The stock was sold at an average price of $23.73, for a total value of $5,447,482.53.

FNKO stock traded down $0.16 during mid-day trading on Thursday, hitting $23.25. 2,828 shares of the stock were exchanged, compared to its average volume of 835,842. 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 0.85, a current ratio of 1.89 and a quick ratio of 1.30. The business has a fifty day moving average price of $22.96 and a 200 day moving average price of $21.24. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 1.13 and a beta of 2.09.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 8th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. Funko had a return on equity of 17.18% and a net margin of 2.00%. The company had revenue of $191.20 million during the quarter, compared to analyst estimates of $170.69 million. During the same quarter in the previous year, the company posted $0.07 EPS. Funko’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, equities analysts forecast that Funko Inc will post 1.05 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new stake in shares of Funko in the 2nd quarter valued at about $31,000. Bank of Montreal Can lifted its stake in shares of Funko by 7,766.7% in the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock valued at $34,000 after acquiring an additional 1,398 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of 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 acquiring an additional 2,336 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of Funko in the 2nd quarter valued at about $62,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of Funko in the 1st quarter valued at about $85,000. 49.25% of the stock is owned by institutional investors.

Several brokerages have issued reports on FNKO. Bank of America lifted their price target on Funko from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their price target on Funko from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. ValuEngine lowered Funko from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Funko from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research note on Thursday, August 15th. Finally, DA Davidson lifted their price target on Funko from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.78.

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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