Marshall Wace LLP Raises Holdings in Funko, Inc. (NASDAQ:FNKO)

Marshall Wace LLP lifted its stake in Funko, Inc. (NASDAQ:FNKO - Free Report) by 384.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,542,440 shares of the company's stock after purchasing an additional 1,223,939 shares during the quarter. Marshall Wace LLP owned about 2.85% of Funko worth $20,653,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FNKO. New York State Teachers Retirement System bought a new position in Funko during the fourth quarter valued at $38,000. Intech Investment Management LLC purchased a new stake in Funko in the 4th quarter worth about $148,000. AlphaQuest LLC lifted its stake in Funko by 115.8% in the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock worth $190,000 after purchasing an additional 7,595 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Funko during the third quarter valued at approximately $231,000. Finally, SG Americas Securities LLC lifted its stake in shares of Funko by 64.8% during the 4th quarter. SG Americas Securities LLC now owns 18,294 shares of the company's stock worth $245,000 after acquiring an additional 7,195 shares during the last quarter. Institutional investors own 99.15% of the company's stock.

Insider Transactions at Funko

In other news, insider Andrew David Oddie sold 3,867 shares of Funko stock in a transaction on Friday, March 7th. The stock was sold at an average price of $8.87, for a total value of $34,300.29. Following the transaction, the insider now directly owns 23,200 shares in the company, valued at approximately $205,784. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jason Harinstein bought 15,000 shares of Funko stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $7.09 per share, with a total value of $106,350.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at $106,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 32,628 shares of company stock valued at $238,781. Company insiders own 4.81% of the company's stock.

Funko Stock Up 6.1 %

NASDAQ:FNKO traded up $0.25 during mid-day trading on Thursday, reaching $4.32. The company's stock had a trading volume of 805,765 shares, compared to its average volume of 742,139. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 1 year low of $3.90 and a 1 year high of $14.65. The stock has a fifty day moving average of $7.83 and a 200-day moving average of $10.84. The firm has a market capitalization of $235.59 million, a PE ratio of -9.00 and a beta of 0.75.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson upgraded Funko to a "strong-buy" rating in a research note on Monday, April 14th. Stifel Nicolaus boosted their price objective on shares of Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, January 3rd.

Funko Profile

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.