Olympiad Research LP Has $263,000 Stake in Funko, Inc. (NASDAQ:FNKO)

Olympiad Research LP decreased its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,661 shares of the company’s stock after selling 3,871 shares during the quarter. Olympiad Research LP’s holdings in Funko were worth $263,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers raised its stake in Funko by 1.9% during the fourth quarter. Rhumbline Advisers now owns 50,050 shares of the company’s stock worth $670,000 after acquiring an additional 951 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Funko during the fourth quarter worth about $38,000. Quest Partners LLC raised its stake in Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after acquiring an additional 4,045 shares in the last quarter. SG Americas Securities LLC raised its stake in Funko by 64.8% during the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock worth $245,000 after acquiring an additional 7,195 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Funko in the third quarter valued at approximately $129,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Stock Performance

Funko stock opened at $13.51 on Monday. The business has a 50 day moving average of $13.39 and a 200-day moving average of $11.97. Funko, Inc. has a 1 year low of $5.36 and a 1 year 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 market capitalization of $731.70 million, a P/E ratio of -28.15 and a beta of 1.15.

Insiders Place Their Bets

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 transaction of $378,823.04. Following the completion of the transaction, the insider now owns 20,186 shares in the company, valued at approximately $275,942.62. This trade represents a 57.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,079 shares of company stock worth $572,769. 4.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FNKO shares. Stifel Nicolaus upped 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 reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday, January 2nd.

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.