PLBY Group, Inc. $PLBY Position Boosted by Crcm LP

Crcm LP grew its holdings in PLBY Group, Inc. (NASDAQ:PLBY) by 17.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,345,517 shares of the company’s stock after purchasing an additional 656,065 shares during the period. PLBY Group comprises 4.7% of Crcm LP’s portfolio, making the stock its 3rd largest holding. Crcm LP’s holdings in PLBY Group were worth $6,605,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLBY. Bbfit Investments PTE Ltd. acquired a new stake in shares of PLBY Group during the fourth quarter worth approximately $2,297,000. Jefferies Financial Group Inc. acquired a new position in PLBY Group in the 4th quarter valued at approximately $94,000. Sfmg LLC increased its stake in PLBY Group by 50.0% in the 4th quarter. Sfmg LLC now owns 450,000 shares of the company’s stock valued at $846,000 after buying an additional 150,000 shares during the period. Hudson Bay Capital Management LP purchased a new stake in PLBY Group in the 3rd quarter worth approximately $52,000. Finally, Qube Research & Technologies Ltd purchased a new stake in PLBY Group in the 3rd quarter worth approximately $56,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PLBY Group

In other news, General Counsel Christopher Riley sold 74,949 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $1.23, for a total transaction of $92,187.27. Following the transaction, the general counsel owned 1,542,259 shares in the company, valued at $1,896,978.57. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Bernhard L. Kohn III sold 106,152 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $1.14, for a total transaction of $121,013.28. Following the transaction, the chief executive officer owned 5,488,408 shares in the company, valued at approximately $6,256,785.12. This trade represents a 1.90% decrease in their position. 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. Over the last ninety days, insiders sold 3,103,064 shares of company stock valued at $3,674,690. 34.50% of the stock is currently owned by insiders.

PLBY Group Stock Up 3.3%

Shares of PLBY Group stock opened at $1.27 on Thursday. The firm has a market cap of $147.28 million, a price-to-earnings ratio of -15.88 and a beta of 1.86. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.61. PLBY Group, Inc. has a 52-week low of $1.08 and a 52-week high of $2.75. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $30.24 million during 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%. On average, equities research analysts expect that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLBY. Weiss Ratings restated a “sell (d-)” rating on shares of PLBY Group in a report on Thursday, June 18th. Zacks Research raised shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PLBY Group has a consensus rating of “Reduce”.

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.