Insider Selling: PLBY Group (NASDAQ:PLBY) General Counsel Sells $158,679.50 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 90,674 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $1.75, for a total transaction of $158,679.50. Following the sale, the general counsel directly owned 1,779,575 shares of the company’s stock, valued at approximately $3,114,256.25. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total transaction of $16,227.12.

PLBY Group Price Performance

Shares of NASDAQ:PLBY opened at $1.67 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. PLBY Group, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.75. The firm has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $1.75. The company has a market cap of $192.82 million, a PE ratio of -11.13 and a beta of 1.91.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP grew its position in PLBY Group by 16.0% in the 4th 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 during the last quarter. Kestra Advisory Services LLC grew its position in PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after purchasing an additional 6,965 shares during the last quarter. Engineers Gate Manager LP grew its position in PLBY Group by 57.8% in the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC grew its position in PLBY Group by 66.7% in the 1st 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 grew its position in PLBY Group by 41.7% in the 3rd 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 last quarter. Institutional investors own 32.46% of the company’s stock.

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.