Dynamic Technology Lab Private Ltd Acquires Shares of 70,330 Funko, Inc. (NASDAQ:FNKO)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,330 shares of the company's stock, valued at approximately $860,000. Dynamic Technology Lab Private Ltd owned about 0.13% of Funko at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Funko by 4.5% during the first quarter. California State Teachers Retirement System now owns 33,179 shares of the company's stock valued at $207,000 after purchasing an additional 1,414 shares during the last quarter. Quest Partners LLC acquired a new stake in Funko during the second quarter valued at $25,000. Price T Rowe Associates Inc. MD boosted its position in Funko by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company's stock valued at $246,000 after purchasing an additional 2,689 shares during the last quarter. Rhumbline Advisers boosted its position in Funko by 9.0% during the second quarter. Rhumbline Advisers now owns 54,180 shares of the company's stock valued at $529,000 after purchasing an additional 4,475 shares during the last quarter. Finally, Olympiad Research LP boosted its position in Funko by 40.3% during the third quarter. Olympiad Research LP now owns 23,532 shares of the company's stock valued at $288,000 after purchasing an additional 6,756 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company's stock.

Funko Stock Performance

Shares of Funko stock traded up $0.10 during trading on Thursday, reaching $11.49. The company's stock had a trading volume of 348,633 shares, compared to its average volume of 523,649. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The business's fifty day moving average price is $11.62 and its 200-day moving average price is $10.30. The firm has a market cap of $622.25 million, a price-to-earnings ratio of -23.94 and a beta of 1.21. Funko, Inc. has a one year low of $5.36 and a one year high of $12.61.

Wall Street Analyst Weigh In

Several research firms have weighed in on FNKO. DA Davidson restated a "buy" rating and set a $16.00 target price on shares of Funko in a report on Thursday, November 14th. B. Riley lifted their price objective on Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus lifted their price objective on Funko from $9.00 to $10.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd.

Insider Activity at Funko

In related news, insider Tracy D. Daw sold 10,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.00, for a total transaction of $120,000.00. Following the transaction, the insider now directly owns 6,362 shares in the company, valued at $76,344. The trade was a 61.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew David Oddie sold 10,800 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. This represents a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,805 shares of company stock worth $1,366,661 over the last three months. Company 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.