Key Points
- Major shareholder Special Opportuniti Drawbridge sold 2.86 million PLBY shares at an average price of $1.05, generating approximately $3 million. The sale reduced its position by 95.24%, leaving it with 142,835 shares.
- PLBY shares opened at $1.23 and have traded between $1.08 and $2.75 over the past year. The company has significant leverage, with a debt-to-equity ratio of 6.83, and institutional investors own 32.46% of the stock.
- Analyst sentiment remains cautious: one analyst rates PLBY “Hold” and another “Sell,” resulting in a consensus MarketBeat rating of “Reduce.”
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) major shareholder Special Opportuniti Drawbridge sold 2,857,143 shares of the firm'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 completion of the sale, the insider owned 142,835 shares of the company's stock, valued at $149,976.75. This trade represents a 95.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares 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 stock was sold at an average price of $1.05, for a total value of $2,000,000.10.
PLBY Group Stock Down 1.6%
PLBY opened at $1.23 on Wednesday. PLBY Group, Inc. has a one year low of $1.08 and a one year high of $2.75. The company has a market cap of $147.37 million, a price-to-earnings ratio of 25.00 and a beta of 1.89. The business's fifty day moving average is $1.24 and its two-hundred day moving average is $1.52. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79.
Institutional Trading of PLBY Group
Institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP grew its stake in PLBY Group by 16.0% in the fourth quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company's stock worth $77,000 after purchasing an additional 5,648 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company's stock valued at $45,000 after acquiring an additional 6,965 shares during the last quarter. Engineers Gate Manager LP increased its holdings 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 acquiring an additional 8,390 shares during the last quarter. Bogart Wealth LLC lifted its stake in PLBY Group by 66.7% during the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company's stock worth $38,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in PLBY Group by 41.7% in the third quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company's stock worth $52,000 after purchasing an additional 10,500 shares during the period. 32.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Zacks Research raised PLBY Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings raised PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce".
Check Out Our Latest Research Report on PLBY
About PLBY Group
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
