Funko, Inc. (NASDAQ:FNKO) Holdings Cut by RBF Capital LLC

RBF Capital LLC cut its holdings in Funko, Inc. (NASDAQ:FNKO - Free Report) by 83.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company's stock after selling 76,500 shares during the quarter. RBF Capital LLC's holdings in Funko were worth $183,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. California State Teachers Retirement System raised its stake in Funko by 4.5% in the 1st 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 position in shares of Funko in the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 buying an additional 2,689 shares during the period. Rhumbline Advisers lifted its stake in shares of 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 buying an additional 4,475 shares during the period. 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 worth $288,000 after acquiring an additional 6,756 shares during the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Trading Down 1.7 %

FNKO traded down $0.20 during trading on Friday, hitting $11.67. 1,573,129 shares of the company's stock were exchanged, compared to its average volume of 528,426. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $12.61. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $10.46. The firm has a market cap of $632.05 million, a P/E ratio of -24.31 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

FNKO has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Funko from $9.00 to $10.50 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. B. Riley lifted their target price on Funko from $13.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Finally, DA Davidson restated a "buy" rating and set a $16.00 price target on shares of Funko in a research note on Thursday, November 14th.

Insider Activity at Funko

In other news, Director Michael C. Lunsford sold 7,361 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total transaction of $88,479.22. Following the transaction, the director now directly owns 108,613 shares of the company's stock, valued at approximately $1,305,528.26. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now directly owns 40,372 shares of the company's stock, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,805 shares of company stock worth $1,366,661. 4.81% of the stock is currently owned by corporate insiders.

Funko Company 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.