PLBY Group (NASDAQ:PLBY) Major Shareholder Sells $2,000,000.10 in Stock

PLBY Group, Inc. (NASDAQ:PLBYGet Free Report) major shareholder Special Opportuniti Drawbridge sold 1,904,762 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1.05, for a total transaction of $2,000,000.10. Following the transaction, the insider directly owned 177,339 shares of the company’s stock, valued at approximately $186,205.95. This trade represents a 91.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

PLBY Group Stock Performance

PLBY Group stock opened at $1.34 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59. The firm has a market cap of $155.40 million, a P/E ratio of -16.75 and a beta of 1.83. PLBY Group, Inc. has a 1-year low of $1.19 and a 1-year high of $2.75. The firm has a 50-day moving average of $1.51 and a 200-day moving average of $1.71.

PLBY Group (NASDAQ:PLBYGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. The business had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $30.71 million. Sell-side analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

PLBY has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Stock Report on PLBY

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PLBY. Hudson Bay Capital Management LP boosted its position in shares of PLBY Group by 16.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after purchasing an additional 5,648 shares in the last quarter. Kestra Advisory Services LLC lifted its position in PLBY Group by 30.4% during the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares during the period. Engineers Gate Manager LP lifted its position in PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after buying an additional 8,390 shares during the period. Bogart Wealth LLC boosted its holdings in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in shares of PLBY Group by 41.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock valued at $52,000 after buying an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

About PLBY Group

(Get Free Report)

PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.

In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.

Further Reading

Insider Buying and Selling by Quarter for PLBY Group (NASDAQ:PLBY)

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