Dynamic Technology Lab Private Ltd Takes Position in Funko, Inc. (NASDAQ:FNKO)

Dynamic Technology Lab Private Ltd bought a new position in Funko, Inc. (NASDAQ:FNKO) in the third quarter, according to its most recent filing with the SEC. The firm bought 70,330 shares of the company’s stock, valued at approximately $860,000. Dynamic Technology Lab Private Ltd owned approximately 0.13% of Funko as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FNKO. Assenagon Asset Management S.A. purchased a new position in shares of Funko in the second quarter worth $6,996,000. Marshall Wace LLP raised its stake in Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after acquiring an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after acquiring an additional 619,114 shares during the period. Renaissance Technologies LLC purchased a new stake in Funko during the 2nd quarter valued at about $1,138,000. Finally, American Century Companies Inc. grew its stake in Funko by 81.1% during the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after purchasing an additional 112,007 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. B. Riley lifted their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday, November 14th.

Funko Stock Up 0.9 %

Funko stock opened at $11.49 on Thursday. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $12.61. The firm has a market cap of $622.25 million, a price-to-earnings ratio of -23.94 and a beta of 1.21. The business’s 50-day moving average price is $11.62 and its 200 day moving average price is $10.30. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Insider Transactions at Funko

In other news, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total transaction of $88,479.22. Following the transaction, the director now owns 108,613 shares in the company, valued at $1,305,528.26. This trade represents a 6.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,805 shares of company stock valued at $1,366,661 in the last 90 days. 4.81% of the stock is currently owned by company insiders.

About Funko

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.