Bbfit Investments PTE Ltd. Acquires New Position in PLBY Group, Inc. $PLBY

Bbfit Investments PTE Ltd. acquired a new stake in shares of PLBY Group, Inc. (NASDAQ:PLBY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,221,901 shares of the company’s stock, valued at approximately $2,297,000. PLBY Group accounts for about 0.2% of Bbfit Investments PTE Ltd.’s holdings, making the stock its 7th largest holding. Bbfit Investments PTE Ltd. owned 1.13% of PLBY Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLBY. Jones Financial Companies Lllp lifted its stake in shares of 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 stake in shares of 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. Boothbay Fund Management LLC purchased a new position in shares of PLBY Group during the second quarter valued at approximately $41,000. Hudson Bay Capital Management LP purchased a new position in shares of PLBY Group during the third quarter valued at approximately $52,000. Finally, Qube Research & Technologies Ltd purchased a new position in PLBY Group during the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

PLBY Group Price Performance

PLBY opened at $1.43 on Thursday. The company has a fifty day simple moving average of $1.53 and a 200 day simple moving average of $1.73. The firm has a market cap of $165.84 million, a price-to-earnings ratio of -17.88 and a beta of 1.83. PLBY Group, Inc. has a twelve month low of $1.19 and a twelve month high of $2.75. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Equities research analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Insider Activity at PLBY Group

In related news, Director Tracey E. Edmonds sold 30,816 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total transaction of $38,211.84. Following the completion of the sale, the director directly owned 223,548 shares of the company’s stock, valued at approximately $277,199.52. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Christopher Riley sold 90,896 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88. Following the sale, the general counsel directly owned 1,688,679 shares of the company’s stock, valued at approximately $3,005,848.62. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 727,429 shares of company stock valued at $1,117,125. Corporate insiders own 34.50% of the company’s stock.

PLBY Group 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.