Nomura Holdings Inc. Raises Holdings in Funko, Inc. (NASDAQ:FNKO)

Nomura Holdings Inc. lifted its stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,452,923 shares of the company's stock after buying an additional 404,849 shares during the quarter. Nomura Holdings Inc. owned about 4.53% of Funko worth $32,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Funko by 278.5% during the 3rd quarter. Barclays PLC now owns 40,972 shares of the company's stock worth $501,000 after acquiring an additional 30,147 shares during the period. SG Americas Securities LLC lifted its position in Funko by 64.8% during the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company's stock valued at $245,000 after buying an additional 7,195 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Funko in the 4th quarter worth about $38,000. Rhumbline Advisers grew its position in shares of Funko by 1.9% in the 4th quarter. Rhumbline Advisers now owns 50,050 shares of the company's stock worth $670,000 after buying an additional 951 shares during the period. Finally, TBH Global Asset Management LLC bought a new position in shares of Funko in the 4th quarter worth about $2,748,000. 99.15% of the stock is owned by institutional investors.

Funko Stock Up 1.8%

Shares of FNKO traded up $0.08 on Monday, hitting $4.28. 698,037 shares of the stock traded hands, compared to its average volume of 792,163. The company has a market capitalization of $233.19 million, a PE ratio of -8.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko, Inc. has a one year low of $3.50 and a one year high of $14.65. The business has a 50 day simple moving average of $5.28 and a 200 day simple moving average of $9.89.

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

Insider Activity 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 18,608 shares of the company'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 value of $132,861.12. Following the sale, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. This trade represents a 41.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,344 shares of company stock worth $287,246. 3.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Funko from a "sell" rating to a "neutral" rating and cut their price objective for the stock from $7.00 to $5.50 in a report on Wednesday, May 14th. DA Davidson upgraded Funko to a "strong-buy" rating in a research note on Thursday.

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.