Versor Investments LP Makes New Investment in Funko, Inc. (NASDAQ:FNKO)

Versor Investments LP purchased a new stake in shares of Funko, Inc. (NASDAQ:FNKO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 20,900 shares of the company’s stock, valued at approximately $280,000.

Several other large investors have also bought and sold shares of FNKO. New York State Teachers Retirement System acquired a new position in shares of Funko in the 4th quarter valued at $38,000. Quest Partners LLC grew its stake in Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after purchasing an additional 4,045 shares in the last quarter. Walleye Capital LLC acquired a new position in Funko in the third quarter worth approximately $129,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Funko during the 3rd quarter valued at $196,000. Finally, SG Americas Securities LLC raised its holdings in Funko by 64.8% during the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock valued at $245,000 after buying an additional 7,195 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FNKO shares. DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday, January 2nd. Stifel Nicolaus raised their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd.

Funko Stock Performance

Shares of Funko stock opened at $11.66 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. The stock has a market capitalization of $631.46 million, a price-to-earnings ratio of -24.29 and a beta of 1.15. The firm has a fifty day moving average of $13.46 and a two-hundred day moving average of $12.10.

Insiders Place Their Bets

In other Funko news, insider Tracy D. Daw sold 14,650 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now owns 6,362 shares of the company’s stock, valued at $79,843.10. The trade was a 69.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total transaction of $378,823.04. Following the transaction, the insider now owns 20,186 shares in the company, valued at $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,079 shares of company stock worth $572,769. Corporate insiders own 4.81% of the company’s stock.

About Funko

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.