Andrew Mark Perlmutter Sells 30,000 Shares of Funko Inc (FNKO) Stock
Funko Inc (NASDAQ:FNKO) President Andrew Mark Perlmutter sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $15.02, for a total transaction of $450,600.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ FNKO opened at $16.16 on Friday. 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 $677.12 million, a PE ratio of 53.87, a price-to-earnings-growth ratio of 0.84 and a beta of 2.62. Funko Inc has a 12-month low of $6.66 and a 12-month high of $31.12.
Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $176.90 million for the quarter, compared to analysts’ expectations of $166.07 million. Funko had a net margin of 1.55% and a return on equity of 10.69%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. As a group, sell-side analysts expect that Funko Inc will post 0.56 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in shares of Funko during the 3rd quarter valued at about $214,000. Trexquant Investment LP purchased a new stake in shares of Funko during the 3rd quarter valued at about $223,000. Bank of America Corp DE raised its position in shares of Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after buying an additional 3,348 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Funko during the 3rd quarter valued at about $247,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Funko during the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 40.35% of the company’s stock.
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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