Special Opportuniti Drawbridge Sells 1,904,762 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) major shareholder Special Opportuniti Drawbridge sold 1,904,762 shares of the firm’s stock in a transaction on 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 $186,205.95. The trade was a 91.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

PLBY Group Price Performance

NASDAQ PLBY traded up $0.02 on Tuesday, reaching $1.50. The company had a trading volume of 1,018,606 shares, compared to its average volume of 1,008,477. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The stock has a market capitalization of $173.96 million, a PE ratio of -18.75 and a beta of 1.84. The firm’s 50 day moving average price is $1.52 and its 200 day moving average price is $1.72. PLBY Group, Inc. has a 12 month low of $1.19 and a 12 month high of $2.75.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday. 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, Based on data from MarketBeat.com, PLBY Group presently has a consensus rating of “Sell”.

Institutional Trading of PLBY Group

Hedge funds have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. purchased a new position in PLBY Group in the first quarter worth about $27,000. Jones Financial Companies Lllp raised its position in PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after purchasing an additional 32,263 shares during the period. Engineers Gate Manager LP lifted its stake in shares of PLBY Group by 57.8% in the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of PLBY Group by 136.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock worth $39,000 after purchasing an additional 14,641 shares during the period. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

PLBY Group Company Profile

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.