Northwestern Mutual Wealth Management Co. Has $11.56 Million Holdings in Funko, Inc. $FNKO

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 850,199.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,401,196 shares of the company’s stock after purchasing an additional 3,400,796 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.06% of Funko worth $11,564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Funko in the 4th quarter worth about $37,000. Brown Brothers Harriman & Co. acquired a new stake in Funko in the 3rd quarter worth about $86,000. Royal Bank of Canada raised its stake in Funko by 95.3% in the 1st quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock worth $222,000 after purchasing an additional 15,782 shares in the last quarter. Sei Investments Co. acquired a new stake in Funko in the 2nd quarter worth about $167,000. Finally, PharVision Advisers LLC acquired a new stake in Funko in the 3rd quarter worth about $126,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Price Performance

FNKO stock opened at $5.16 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 1.16. Funko, Inc. has a 12 month low of $2.22 and a 12 month high of $6.09. The firm has a market cap of $288.60 million, a P/E ratio of -4.91 and a beta of 0.82. The company’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $3.81.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.23. Funko had a negative net margin of 6.30% and a negative return on equity of 21.03%. The firm had revenue of $200.92 million for the quarter, compared to analyst estimates of $188.60 million.

Insider Activity

In other Funko news, insider Andrew David Oddie sold 34,656 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $6.00, for a total value of $207,936.00. Following the transaction, the insider directly owned 34,657 shares of the company’s stock, valued at $207,942. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tracy D. Daw sold 12,793 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total transaction of $46,694.45. Following the completion of the transaction, the insider directly owned 47,016 shares in the company, valued at approximately $171,608.40. This represents a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,866 shares of company stock worth $381,082. Insiders own 3.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. Truist Financial set a $6.50 price objective on shares of Funko in a research note on Friday, March 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of Funko from $4.00 to $6.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.