Special Opportuniti Drawbridge Sells 2,857,143 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) major shareholder Special Opportuniti Drawbridge sold 2,857,143 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1.05, for a total transaction of $3,000,000.15. Following the transaction, the insider directly owned 142,835 shares of the company’s stock, valued at approximately $149,976.75. This trade represents a 95.24% 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.

Special Opportuniti Drawbridge also recently made the following trade(s):

• On Thursday, June 18th, Special Opportuniti Drawbridge sold 1,904,762 shares of PLBY Group stock. The shares were sold at an average price of $1.05, for a total value of $2,000,000.10.

PLBY Group Price Performance

Shares of PLBY Group stock opened at $1.22 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt-to-equity ratio of 6.83. The company has a market cap of $146.17 million, a PE ratio of 24.60 and a beta of 1.89. The business has a 50 day moving average of $1.24 and a 200 day moving average of $1.52. PLBY Group, Inc. has a 52 week low of $1.08 and a 52 week high of $2.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PLBY Group has a consensus rating of “Reduce”.

Institutional Investors Weigh In On PLBY Group

Hedge funds have recently made changes to their positions in the company. CTC Alternative Strategies Ltd. purchased a new stake in PLBY Group in the first quarter worth $27,000. Jones Financial Companies Lllp lifted 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 buying an additional 32,263 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, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of PLBY Group by 136.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after buying an additional 14,641 shares in the last quarter. 32.46% of the stock is currently owned by 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.