Landscape Capital Management L.L.C. Invests $3.61 Million in Funko, Inc. (NASDAQ:FNKO)

Landscape Capital Management L.L.C. purchased a new stake in shares of Funko, Inc. (NASDAQ:FNKO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 269,327 shares of the company’s stock, valued at approximately $3,606,000. Landscape Capital Management L.L.C. owned 0.50% of Funko as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in shares of Funko in the fourth quarter valued at $38,000. Walleye Capital LLC bought a new position in Funko during the 3rd quarter valued at about $129,000. Intech Investment Management LLC purchased a new stake in Funko in the 4th quarter worth about $148,000. AlphaQuest LLC lifted its stake in Funko by 115.8% in the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock worth $190,000 after purchasing an additional 7,595 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Funko during the third quarter valued at approximately $231,000. 99.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Funko news, Director Jason Harinstein purchased 15,000 shares of Funko stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $7.09 per share, for a total transaction of $106,350.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at $106,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 3,867 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $8.87, for a total transaction of $34,300.29. Following the transaction, the insider now owns 23,200 shares in the company, valued at approximately $205,784. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,317 shares of company stock worth $232,652. 4.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FNKO shares. Stifel Nicolaus raised their price target on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. DA Davidson decreased their target price on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

Funko Stock Down 18.0 %

Shares of NASDAQ FNKO opened at $5.60 on Friday. The stock has a 50 day moving average price of $10.79 and a 200 day moving average price of $11.64. The firm has a market capitalization of $305.40 million, a price-to-earnings ratio of -11.67 and a beta of 0.75. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96.

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.