Funko, Inc. (NASDAQ:FNKO) Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC cut its holdings in Funko, Inc. (NASDAQ:FNKO - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,130,427 shares of the company's stock after selling 813,514 shares during the period. Funko accounts for about 1.3% of Cooper Creek Partners Management LLC's portfolio, making the stock its 24th largest holding. Cooper Creek Partners Management LLC owned approximately 5.78% of Funko worth $41,916,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FNKO. JPMorgan Chase & Co. grew its holdings in shares of Funko by 5,486.5% in the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock valued at $10,133,000 after purchasing an additional 814,357 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Funko during the fourth quarter worth $4,425,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Funko in the fourth quarter valued at $3,606,000. TBH Global Asset Management LLC acquired a new position in Funko during the 4th quarter worth $2,748,000. Finally, Archon Capital Management LLC purchased a new stake in Funko during the 4th quarter worth about $2,511,000. Institutional investors and hedge funds own 99.15% of the company's stock.

Insiders Place Their Bets

In related news, insider Tracy D. Daw sold 18,608 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the sale, the insider now directly owns 26,332 shares of the company's stock, valued at approximately $188,010.48. This represents a 41.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jason Harinstein bought 15,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $106,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 29,959 shares of company stock valued at $227,640. Corporate insiders own 4.81% of the company's stock.

Funko Stock Performance

Shares of FNKO stock traded up $0.35 during trading hours on Friday, hitting $4.37. The stock had a trading volume of 1,497,953 shares, compared to its average volume of 735,223. The stock's 50 day moving average is $8.60 and its 200 day moving average is $11.06. Funko, Inc. has a twelve month low of $3.90 and a twelve month high of $14.65. The firm has a market capitalization of $238.32 million, a PE ratio of -9.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FNKO. Stifel Nicolaus lifted their price objective on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. DA Davidson upgraded shares of Funko to a "strong-buy" rating in a research note on Monday.

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.