PLBY Group (NASDAQ:PLBY) Director Holding S.A R.L. Docler Buys 4,761,905 Shares of Company Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Holding S.A R.L. Docler acquired 4,761,905 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $1.05 per share, for a total transaction of $5,000,000.25. Following the acquisition, the director owned 19,707,207 shares in the company, valued at approximately $20,692,567.35. This trade represents a 31.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PLBY Group Stock Up 6.9%

Shares of PLBY opened at $1.32 on Wednesday. The company has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $1.43. The firm has a market capitalization of $158.75 million, a P/E ratio of 24.80 and a beta of 1.88. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79. PLBY Group, Inc. has a 52 week low of $0.95 and a 52 week high of $2.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research upgraded PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On PLBY Group

Several institutional investors and hedge funds have recently bought and sold shares of PLBY. Crcm LP raised its stake in shares of PLBY Group by 17.8% in the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after buying an additional 656,065 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of PLBY Group by 56.5% during the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock worth $129,000 after acquiring an additional 30,734 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in shares of PLBY Group during the 1st quarter valued at about $27,000. Sei Investments Co. acquired a new stake in shares of PLBY Group during the 1st quarter valued at about $577,000. Finally, Kestra Advisory Services LLC boosted its position in shares of PLBY Group by 30.4% during 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 in the last quarter. Institutional investors own 32.46% of the company’s stock.

PLBY Group Company Profile

PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.

The company’s operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.

Playboy was founded by Hugh Hefner in 1953 as a men’s lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.