Anson Funds Management LP bought a new position in Genius Brands International Inc (NASDAQ:GNUS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 467,084 shares of the company’s stock, valued at approximately $1,270,000. Genius Brands International makes up about 0.9% of Anson Funds Management LP’s holdings, making the stock its 20th largest position. Anson Funds Management LP owned about 5.70% of Genius Brands International as of its most recent SEC filing.
Several brokerages have recently issued reports on GNUS. Zacks Investment Research upgraded shares of Genius Brands International from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday, January 3rd. Westpark Capital reiterated a “buy” rating on shares of Genius Brands International in a research note on Thursday, November 16th. Finally, ValuEngine upgraded shares of Genius Brands International from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st.
Genius Brands International Inc (GNUS) opened at $2.61 on Wednesday. The stock has a market cap of $21.93, a P/E ratio of -2.29 and a beta of -96.24. Genius Brands International Inc has a 52 week low of $2.01 and a 52 week high of $5.01. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 0.24.
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Genius Brands International, Inc is a content and brand management company. The Company provides entertaining and enriching content and products with a purpose for toddlers to tweens. The Company produces original content and licenses the rights to that content to a range of partners. Its licensees include companies to which the audio-visual rights are licensed for exhibition in various formats, such as Pay Television, Free or Broadcast Television, video-on-demand (VOD), subscription on demand (SVOD) and digital video discs/compact discs (DVDs/CDs), and companies that develop and distribute products based on its content within different product categories, such as toys, electronics, publishing, home goods, stationary and gifts.
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