Fortress Financial Solutions LLC Acquires Shares of 75,000 Kartoon Studios Inc. (NASDAQ:TOON)

Fortress Financial Solutions LLC bought a new position in Kartoon Studios Inc. (NASDAQ:TOON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $44,000. Fortress Financial Solutions LLC owned approximately 0.19% of Kartoon Studios as of its most recent SEC filing.

Separately, Geode Capital Management LLC increased its stake in shares of Kartoon Studios by 9.7% in the third quarter. Geode Capital Management LLC now owns 367,297 shares of the company’s stock worth $318,000 after acquiring an additional 32,428 shares during the last quarter. 8.57% of the stock is currently owned by institutional investors.

Kartoon Studios Trading Up 1.8 %

TOON opened at $0.56 on Wednesday. The stock has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.73. Kartoon Studios Inc. has a 1 year low of $0.46 and a 1 year high of $2.01. The stock has a market cap of $22.31 million, a price-to-earnings ratio of -0.55 and a beta of 2.77.

About Kartoon Studios

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq’s Garage, a children’s animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children’s songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children’s television series based on the children’s books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.