Divisadero Street Capital Management LP Takes $13.78 Million Position in Funko, Inc. (NASDAQ:FNKO)

Divisadero Street Capital Management LP purchased a new position in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,029,351 shares of the company's stock, valued at approximately $13,783,000. Funko comprises 1.6% of Divisadero Street Capital Management LP's investment portfolio, making the stock its 19th biggest holding. Divisadero Street Capital Management LP owned about 1.90% of Funko as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FNKO. New York State Teachers Retirement System acquired a new position in Funko in the fourth quarter valued at approximately $38,000. Intech Investment Management LLC acquired a new position in shares of Funko during the 4th quarter valued at $148,000. Hsbc Holdings PLC acquired a new position in shares of Funko during the 4th quarter valued at $152,000. AlphaQuest LLC boosted its stake in Funko by 115.8% during the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock worth $190,000 after acquiring an additional 7,595 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in Funko in the fourth quarter worth $203,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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 note on Friday.

Insider Buying and Selling

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

Funko Stock Up 40.9%

NASDAQ:FNKO traded up $1.44 during trading hours on Monday, hitting $4.95. 2,719,488 shares of the company traded hands, compared to its average volume of 772,002. 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 company has a market cap of $269.68 million, a PE ratio of -10.32 and a beta of 0.85. The firm's 50-day simple moving average is $5.72 and its 200-day simple moving average is $10.14. Funko, Inc. has a one year low of $3.50 and a one year high of $14.65.

Funko (NASDAQ:FNKO - Get Free Report) last released 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. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The company had revenue of $190.74 million for the quarter, compared to analyst estimates of $191.96 million. During the same period last year, the firm earned ($0.17) earnings per share. The firm's revenue was down 11.6% on a year-over-year basis. Equities analysts predict that Funko, Inc. will post -0.12 earnings per share for the current year.

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.