Special Opportuniti Drawbridge Sells 2,857,143 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) major shareholder Special Opportuniti Drawbridge sold 2,857,143 shares of PLBY Group stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.05, for a total transaction of $3,000,000.15. Following the sale, the insider directly owned 142,835 shares of the company’s stock, valued at approximately $149,976.75. This trade represents a 95.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 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 shares were sold at an average price of $1.05, for a total value of $2,000,000.10.

PLBY Group Stock Down 1.6%

NASDAQ:PLBY traded down $0.02 during trading hours on Tuesday, hitting $1.23. The company’s stock had a trading volume of 229,434 shares, compared to its average volume of 992,677. PLBY Group, Inc. has a 52-week low of $1.08 and a 52-week high of $2.75. The company has a current ratio of 0.79, a quick ratio of 0.64 and a debt-to-equity ratio of 6.83. The stock has a market capitalization of $147.37 million, a P/E ratio of 24.40 and a beta of 1.89. The stock has a fifty day moving average of $1.25 and a 200-day moving average of $1.52.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLBY. 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 report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PLBY Group has a consensus rating of “Reduce”.

Hedge Funds Weigh In On PLBY Group

Several large investors have recently bought and sold shares of PLBY. Crcm LP increased its position in shares of PLBY Group by 17.8% during the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after purchasing an additional 656,065 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of PLBY Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock valued at $3,953,000 after purchasing an additional 26,060 shares during the period. Bbfit Investments PTE Ltd. acquired a new stake in shares of PLBY Group in the 4th quarter valued at about $2,297,000. Geode Capital Management LLC grew its stake in PLBY Group by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock worth $1,398,000 after buying an additional 97,321 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in PLBY Group during the 4th quarter worth approximately $1,169,000. Institutional investors and hedge funds 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.