Versor Investments LP Invests $280,000 in Funko, Inc. (NASDAQ:FNKO)

Versor Investments LP bought a new stake in Funko, Inc. (NASDAQ:FNKO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,900 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FNKO. JPMorgan Chase & Co. boosted its stake in shares of Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after acquiring an additional 814,357 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Funko by 1.6% during the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after purchasing an additional 13,002 shares in the last quarter. TBH Global Asset Management LLC purchased a new position in shares of Funko in the fourth quarter worth about $2,748,000. Jane Street Group LLC boosted its holdings in shares of Funko by 50.0% during the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock worth $1,196,000 after purchasing an additional 32,598 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Funko by 14.7% during the fourth quarter. Bank of New York Mellon Corp now owns 95,406 shares of the company’s stock worth $1,277,000 after buying an additional 12,241 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Stock Performance

NASDAQ:FNKO opened at $11.66 on Tuesday. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week 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. The stock has a market cap of $631.46 million, a PE ratio of -24.29 and a beta of 1.15. The firm’s fifty day simple moving average is $13.46 and its 200-day simple moving average is $12.10.

Insider Activity at Funko

In other news, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the transaction, the insider now directly owns 20,186 shares of the company’s stock, valued at approximately $275,942.62. The trade was a 57.86 % 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 Tracy D. Daw sold 14,650 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the transaction, the insider now owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,079 shares of company stock valued at $572,769. 4.81% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on FNKO shares. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research report on Thursday, January 2nd. Stifel Nicolaus upped their target price on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note 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.