Dimensional Fund Advisors LP Acquires 234,981 Shares of Funko, Inc. (NASDAQ:FNKO)

Dimensional Fund Advisors LP boosted its holdings in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,544,963 shares of the company's stock after buying an additional 234,981 shares during the quarter. Dimensional Fund Advisors LP owned about 2.85% of Funko worth $20,688,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Funko during the 4th quarter worth about $38,000. Intech Investment Management LLC bought a new stake in Funko in the 4th quarter valued at $148,000. AlphaQuest LLC grew its position in Funko by 115.8% in the 4th quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock worth $190,000 after purchasing an additional 7,595 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Funko by 64.8% during the 4th quarter. SG Americas Securities LLC now owns 18,294 shares of the company's stock worth $245,000 after purchasing an additional 7,195 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Funko by 18.0% in the fourth quarter. Wells Fargo & Company MN now owns 20,090 shares of the company's stock valued at $269,000 after buying an additional 3,070 shares during the period. 99.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price objective on Funko from $13.00 to $7.00 and set a "buy" rating for the company in a research report on Friday.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 3,867 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $8.87, for a total transaction of $34,300.29. Following the sale, the insider now owns 23,200 shares of the company's stock, valued at $205,784. This represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 18,608 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the transaction, the insider now owns 26,332 shares of the company's stock, valued at $188,010.48. This trade represents a 41.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,764 shares of company stock worth $239,730 over the last ninety days. Corporate insiders own 4.81% of the company's stock.

Funko Price Performance

NASDAQ FNKO traded down $0.65 during trading on Friday, reaching $3.55. 2,253,117 shares of the company traded hands, compared to its average volume of 763,931. Funko, Inc. has a 1-year low of $3.50 and a 1-year high of $14.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The stock's 50 day moving average price is $5.72 and its two-hundred day moving average price is $10.15. The company has a market cap of $193.60 million, a price-to-earnings ratio of -7.40 and a beta of 0.85.

Funko (NASDAQ:FNKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.43) by $0.10. The firm had revenue of $190.74 million for the quarter, compared to analysts' expectations of $191.96 million. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The business's revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. As a group, analysts anticipate that Funko, Inc. will post -0.12 EPS for the current year.

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.