Sterling Capital Management LLC Has $430,000 Position in Funko, Inc. (NASDAQ:FNKO)

Sterling Capital Management LLC lifted its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 32,656.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,101 shares of the company’s stock after buying an additional 32,003 shares during the quarter. Sterling Capital Management LLC owned about 0.06% of Funko worth $430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Funko by 1.9% during the fourth quarter. Rhumbline Advisers now owns 50,050 shares of the company’s stock worth $670,000 after acquiring an additional 951 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Funko by 1.8% during the 4th quarter. Invesco Ltd. now owns 150,771 shares of the company’s stock worth $2,019,000 after buying an additional 2,668 shares during the last quarter. New York State Teachers Retirement System bought a new position in Funko during the 4th quarter worth $38,000. Wells Fargo & Company MN increased its holdings in shares of Funko by 18.0% during the fourth quarter. Wells Fargo & Company MN now owns 20,090 shares of the company’s stock worth $269,000 after purchasing an additional 3,070 shares during the period. Finally, SG Americas Securities LLC raised its stake in Funko by 64.8% in the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock valued at $245,000 after purchasing an additional 7,195 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

Funko Price Performance

Shares of NASDAQ FNKO opened at $4.37 on Friday. The company has a market capitalization of $238.32 million, a PE ratio of -9.10 and a beta of 0.75. 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’s 50 day moving average price is $8.41 and its 200-day moving average price is $11.00. Funko, Inc. has a twelve month low of $3.90 and a twelve month high of $14.65.

Analysts Set New Price Targets

FNKO has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. DA Davidson raised Funko to a “strong-buy” rating in a research report on Monday, April 14th.

Insiders Place Their Bets

In other news, Director Jason Harinstein bought 15,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $7.09 per share, with a total value of $106,350.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $106,350. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew David Oddie sold 3,867 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $8.87, for a total value of $34,300.29. Following the transaction, the insider now directly owns 23,200 shares in the company, valued at $205,784. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,959 shares of company stock valued at $227,640. Insiders own 4.81% of the company’s stock.

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.