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 company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $1.05, for a total transaction of $2,000,000.10. Following the transaction, the insider owned 177,339 shares in the company, valued at $186,205.95. The trade was a 91.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

PLBY Group Stock Performance

Shares of PLBY Group stock opened at $1.40 on Thursday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $1.51 and a 200 day simple moving average of $1.72. PLBY Group, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.75. The firm has a market cap of $162.36 million, a P/E ratio of -17.50 and a beta of 1.83.

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

Institutional Trading of PLBY Group

A number of large investors have recently bought and sold shares of the business. Fortress Investment Group LLC raised its holdings in PLBY Group by 183.6% during the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after buying an additional 10,740,578 shares during the period. Crcm LP boosted its holdings in shares of PLBY Group by 154.2% in the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after buying an additional 2,238,296 shares during the period. Bbfit Investments PTE Ltd. bought a new stake in shares of PLBY Group during the fourth quarter worth $2,297,000. Marshall Wace LLP bought a new stake in shares of PLBY Group during the fourth quarter worth $1,169,000. Finally, Sei Investments Co. acquired a new stake in shares of PLBY Group during the first quarter worth $577,000. 32.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.