Landscape Capital Management L.L.C. Buys New Position in Funko, Inc. (NASDAQ:FNKO)

Landscape Capital Management L.L.C. acquired a new stake in Funko, Inc. (NASDAQ:FNKO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 269,327 shares of the company's stock, valued at approximately $3,606,000. Landscape Capital Management L.L.C. owned approximately 0.50% of Funko at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. New York State Teachers Retirement System bought a new stake in Funko during the 4th quarter worth about $38,000. Walleye Capital LLC acquired a new stake in shares of Funko during the 3rd quarter worth approximately $129,000. Intech Investment Management LLC bought a new stake in shares of Funko during the fourth quarter worth approximately $148,000. AlphaQuest LLC lifted its holdings in Funko by 115.8% in the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock valued at $190,000 after buying an additional 7,595 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Funko by 64.8% in the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company's stock valued at $245,000 after acquiring an additional 7,195 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FNKO has been the subject of several recent research reports. Stifel Nicolaus upped their target price 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. DA Davidson dropped their price objective on Funko from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, March 7th.

Remove Ads

Funko Trading Down 0.9 %

NASDAQ FNKO traded down $0.04 during trading on Wednesday, reaching $4.45. 235,881 shares of the stock traded hands, compared to its average volume of 713,208. The stock's 50-day moving average price is $10.10 and its 200 day moving average price is $11.46. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a market cap of $242.63 million, a price-to-earnings ratio of -9.30 and a beta of 0.75. Funko, Inc. has a fifty-two week low of $4.33 and a fifty-two week high of $14.65.

Insider Activity

In related news, Director Jason Harinstein purchased 15,000 shares of Funko stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $7.09 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew David Oddie sold 3,867 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the sale, the insider now directly owns 23,200 shares of the company's stock, valued at $205,784. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,959 shares of company stock valued at $227,640 in the last quarter. Company insiders own 4.81% of the company's stock.

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.