Parcion Private Wealth LLC Has $9.84 Million Position in Funko, Inc. (NASDAQ:FNKO)

Parcion Private Wealth LLC boosted its holdings in shares of Funko, Inc. (NASDAQ:FNKOFree Report) by 698.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,273,265 shares of the company’s stock after acquiring an additional 1,113,788 shares during the quarter. Funko accounts for about 0.9% of Parcion Private Wealth LLC’s portfolio, making the stock its 21st largest position. Parcion Private Wealth LLC owned 2.42% of Funko worth $9,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Funko in the 3rd quarter valued at about $553,000. Vanguard Group Inc. boosted its holdings in Funko by 4.7% in the third quarter. Vanguard Group Inc. now owns 1,782,687 shares of the company’s stock valued at $13,638,000 after acquiring an additional 79,365 shares during the last quarter. Deutsche Bank AG increased its position in Funko by 19.6% during the 3rd quarter. Deutsche Bank AG now owns 14,832 shares of the company’s stock valued at $113,000 after purchasing an additional 2,435 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Funko during the 3rd quarter worth approximately $8,693,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Funko in the 3rd quarter valued at $989,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Funko

In other Funko news, CFO Steve Nave sold 6,352 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $7.08, for a total value of $44,972.16. Following the completion of the sale, the chief financial officer now directly owns 65,883 shares in the company, valued at $466,451.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Funko news, CFO Steve Nave sold 6,352 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $7.08, for a total value of $44,972.16. Following the transaction, the chief financial officer now owns 65,883 shares in the company, valued at $466,451.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 4,808 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.45, for a total value of $31,011.60. Following the completion of the sale, the insider now directly owns 51,170 shares of the company’s stock, valued at approximately $330,046.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,919 shares of company stock valued at $113,390. 11.48% of the stock is currently owned by company insiders.

Funko Trading Down 1.0 %

Shares of NASDAQ FNKO opened at $6.07 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.62. Funko, Inc. has a twelve month low of $5.27 and a twelve month high of $13.42. The firm has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $7.13.

Funko (NASDAQ:FNKOGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Funko had a negative return on equity of 20.78% and a negative net margin of 14.06%. The firm had revenue of $291.24 million during the quarter, compared to analyst estimates of $284.90 million. On average, equities research analysts predict that Funko, Inc. will post -0.34 EPS for the current fiscal year.

About Funko

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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