Funko Inc (FNKO) Position Reduced by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in shares of Funko Inc (NASDAQ:FNKO) by 55.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,240 shares of the company’s stock after selling 12,799 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Funko were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FNKO. Citadel Advisors LLC grew its position in Funko by 203.8% during the 1st quarter. Citadel Advisors LLC now owns 225,578 shares of the company’s stock valued at $1,852,000 after purchasing an additional 151,326 shares during the last quarter. Element Capital Management LLC purchased a new stake in Funko during the 1st quarter valued at about $104,000. Inverness Counsel LLC NY purchased a new stake in Funko during the 2nd quarter valued at about $176,000. Engineers Gate Manager LP grew its position in Funko by 79.1% during the 2nd quarter. Engineers Gate Manager LP now owns 25,760 shares of the company’s stock valued at $323,000 after purchasing an additional 11,380 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in Funko during the 2nd quarter valued at about $1,241,000. 37.57% of the stock is currently owned by institutional investors.

FNKO opened at $21.50 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 71.67. Funko Inc has a 52-week low of $5.81 and a 52-week high of $31.12.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $122.54 million. Funko had a net margin of 2.70% and a return on equity of 9.68%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. analysts expect that Funko Inc will post 0.69 EPS for the current year.

FNKO has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Funko from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Funko from $14.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. BMO Capital Markets increased their price objective on shares of Funko from $8.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, August 13th. Piper Jaffray Companies set a $24.00 target price on shares of Funko and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a $23.00 target price on shares of Funko in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Funko has a consensus rating of “Buy” and an average price target of $17.94.

In other Funko news, President Andrew Mark Perlmutter sold 55,000 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $20.02, for a total transaction of $1,101,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $20.36, for a total transaction of $203,600.00. The disclosure for this sale can be found here. 18.39% of the stock is currently owned by corporate insiders.

Funko Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

Read More: Return on Equity (ROE)

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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