SG Americas Securities LLC Acquires 993,199 Shares of Funko, Inc. (NASDAQ:FNKO)

SG Americas Securities LLC boosted its stake in Funko, Inc. (NASDAQ:FNKO - Free Report) by 5,429.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,011,493 shares of the company's stock after acquiring an additional 993,199 shares during the period. SG Americas Securities LLC owned 1.85% of Funko worth $6,939,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FNKO. Nomura Holdings Inc. lifted its stake in Funko by 19.8% in the 4th quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company's stock valued at $32,845,000 after buying an additional 404,849 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Funko by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company's stock valued at $26,222,000 after buying an additional 50,877 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock valued at $20,688,000 after acquiring an additional 234,981 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Funko by 384.3% in the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company's stock worth $20,653,000 after buying an additional 1,223,939 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Funko during the fourth quarter worth $13,783,000. Institutional investors and hedge funds own 99.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FNKO shares. DA Davidson raised Funko to a "strong-buy" rating in a research report on Thursday, May 15th. Wall Street Zen cut shares of Funko from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of Funko from a "sell" rating to a "neutral" rating and dropped their target price for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.88.

Insider Buying and Selling at Funko

In other Funko news, CEO Cynthia W. Williams sold 47,457 shares of Funko stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $3.94, for a total transaction of $186,980.58. Following the transaction, the chief executive officer now directly owns 32,769 shares of the company's stock, valued at $129,109.86. The trade was a 59.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jason Harinstein bought 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $7.09 per share, with a total value of $106,350.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $106,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 79,809 shares of company stock worth $384,525 over the last three months. Corporate insiders own 3.27% of the company's stock.

Funko Trading Down 1.7%

Funko stock traded down $0.09 during trading hours on Friday, reaching $5.11. The stock had a trading volume of 815,704 shares, compared to its average volume of 831,508. Funko, Inc. has a 52 week low of $3.50 and a 52 week high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The company has a fifty day simple moving average of $4.35 and a 200-day simple moving average of $9.05. The stock has a market cap of $280.72 million, a PE ratio of -10.68 and a beta of 0.77.

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