Richard L. Mcnally Sells 125,145 Shares of Funko Inc (FNKO) Stock

Funko Inc (NASDAQ:FNKO) major shareholder Richard L. Mcnally sold 125,145 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $19.09, for a total value of $2,389,018.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ FNKO traded down $0.06 during trading hours on Thursday, reaching $19.08. 372,100 shares of the company’s stock were exchanged, compared to its average volume of 358,546. Funko Inc has a one year low of $7.14 and a one year high of $31.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 1.48. The stock has a market cap of $923.38 million, a price-to-earnings ratio of 63.60, a PEG ratio of 1.09 and a beta of 2.76.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in Funko by 7.6% during the 3rd quarter. Teachers Advisors LLC now owns 20,087 shares of the company’s stock worth $476,000 after purchasing an additional 1,417 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its position in Funko by 11.7% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 17,802 shares of the company’s stock worth $234,000 after acquiring an additional 1,870 shares during the last quarter. Two Sigma Advisers LP boosted its position in Funko by 11.9% during the 4th quarter. Two Sigma Advisers LP now owns 26,300 shares of the company’s stock worth $346,000 after acquiring an additional 2,788 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Funko by 18.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,400 shares of the company’s stock worth $244,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $123,000 after acquiring an additional 3,348 shares during the last quarter. 40.43% of the stock is owned by institutional investors and hedge funds.

FNKO has been the subject of a number of research reports. Jefferies Financial Group set a $23.00 target price on Funko and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Piper Jaffray Companies set a $21.00 target price on Funko and gave the stock a “buy” rating in a research note on Monday, January 14th. Zacks Investment Research raised Funko from a “strong sell” rating to a “hold” rating in a research note on Friday, January 11th. Finally, BMO Capital Markets increased their target price on Funko from $10.50 to $12.00 and gave the stock a “market perform” rating in a research note on Thursday, November 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.00.

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About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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