Skandinaviska Enskilda Banken AB publ Acquires 9,681 Shares of Funko, Inc. (NASDAQ:FNKO)

Skandinaviska Enskilda Banken AB publ boosted its stake in Funko, Inc. (NASDAQ:FNKO) by 68.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,826 shares of the company’s stock after purchasing an additional 9,681 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Funko were worth $325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in Funko during the 4th quarter valued at $38,000. Quest Partners LLC grew its stake in shares of Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares during the last quarter. Walleye Capital LLC purchased a new position in Funko during the 3rd quarter valued at about $129,000. AlphaQuest LLC raised its position in Funko by 115.8% during the 4th quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock valued at $190,000 after purchasing an additional 7,595 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Funko in the 3rd quarter worth approximately $196,000. Institutional investors own 99.15% of the company’s stock.

Insider Activity

In other news, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, the insider now directly owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. This represents a 69.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Harinstein purchased 15,000 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $7.09 per share, with a total value of $106,350.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $106,350. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 51,581 shares of company stock worth $644,792. Corporate insiders own 4.81% of the company’s stock.

Funko Price Performance

Shares of FNKO stock opened at $7.19 on Tuesday. The stock has a market cap of $389.38 million, a price-to-earnings ratio of -14.98 and a beta of 0.94. The business’s fifty day moving average is $12.51 and its 200 day moving average is $11.97. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $14.65. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus upped their target price on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd. DA Davidson reduced their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

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.