Chesapeake Capital Corp IL Sells 1,400 Shares of Funko, Inc. (NASDAQ:FNKO)

Chesapeake Capital Corp IL cut its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,000 shares of the company’s stock after selling 1,400 shares during the period. Chesapeake Capital Corp IL owned 0.06% of Funko worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quest Partners LLC purchased a new position in Funko during the 2nd quarter worth $25,000. Paloma Partners Management Co purchased a new position in Funko in the 1st quarter worth $67,000. EntryPoint Capital LLC purchased a new position in Funko in the 1st quarter worth $73,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Funko in the 2nd quarter worth $121,000. Finally, SG Americas Securities LLC purchased a new position in shares of Funko during the 3rd quarter valued at about $136,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael C. Lunsford sold 7,361 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 108,613 shares in the company, valued at $1,305,528.26. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the transaction, the insider now owns 40,372 shares of the company’s stock, valued at approximately $485,675.16. This represents a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,805 shares of company stock worth $357,861. Company insiders own 4.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. B. Riley increased their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Funko in a report on Thursday.

Funko Trading Up 0.3 %

Shares of Funko stock opened at $10.39 on Monday. The firm has a market capitalization of $560.44 million, a price-to-earnings ratio of -21.65 and a beta of 1.21. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $12.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.59 and a current ratio of 0.96. The stock has a 50 day moving average of $11.65 and a 200 day moving average of $10.07.

Funko Company 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.