PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 18,502 Shares

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 18,502 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $1.83, for a total transaction of $33,858.66. Following the completion of the sale, the chief executive officer owned 6,245,045 shares in the company, valued at $11,428,432.35. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Down 1.1%

Shares of PLBY Group stock opened at $1.83 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.03 and a debt-to-equity ratio of 9.40. The company has a market cap of $210.19 million, a P/E ratio of -12.20 and a beta of 2.51. The firm’s 50 day moving average price is $1.77 and its 200-day moving average price is $1.73. PLBY Group, Inc. has a 52-week low of $0.93 and a 52-week high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $34.91 million for the quarter, compared to analysts’ expectations of $33.52 million. On average, sell-side analysts predict that PLBY Group, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PLBY Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fortress Investment Group LLC grew its position 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 purchasing an additional 10,740,578 shares during the last quarter. Crcm LP raised 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 worth $6,936,000 after buying an additional 2,238,296 shares during the last quarter. Bbfit Investments PTE Ltd. purchased a new position in shares of PLBY Group in the fourth quarter worth $2,297,000. Marshall Wace LLP acquired a new stake in shares of PLBY Group during the fourth quarter worth $1,169,000. Finally, 683 Capital Management LLC acquired a new stake in shares of PLBY Group during the fourth quarter worth $492,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

About PLBY Group

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.