Parcion Private Wealth LLC Sells 1,500 Shares of Funko, Inc. (NASDAQ:FNKO)

Parcion Private Wealth LLC reduced its stake in Funko, Inc. (NASDAQ:FNKO) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,350 shares of the company’s stock after selling 1,500 shares during the period. Parcion Private Wealth LLC’s holdings in Funko were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FNKO. New York State Teachers Retirement System bought a new position in Funko in the 4th quarter worth about $38,000. Quest Partners LLC boosted its stake in shares of Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after purchasing an additional 4,045 shares in the last quarter. Walleye Capital LLC purchased a new position in Funko during the third quarter valued at approximately $129,000. SG Americas Securities LLC purchased a new position in Funko during the third quarter valued at approximately $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Funko during the third quarter valued at approximately $196,000. 99.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total value of $378,823.04. Following the completion of the sale, the insider now directly owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the sale, the insider now owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,079 shares of company stock worth $572,769 over the last three months. Corporate insiders own 4.81% of the company’s stock.

Funko Stock Performance

Shares of FNKO stock opened at $13.40 on Thursday. The firm has a market cap of $725.74 million, a price-to-earnings ratio of -27.92 and a beta of 1.15. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65. 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’s 50 day moving average is $13.32 and its 200 day moving average is $11.87.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday, January 2nd. Stifel Nicolaus lifted their price objective on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

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.