Crcm LP Purchases 2,238,296 Shares of PLBY Group, Inc. $PLBY

Crcm LP increased its position in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 154.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,689,452 shares of the company’s stock after buying an additional 2,238,296 shares during the quarter. PLBY Group comprises about 2.3% of Crcm LP’s portfolio, making the stock its 8th biggest position. Crcm LP’s holdings in PLBY Group were worth $6,936,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after buying an additional 32,263 shares during the period. Engineers Gate Manager LP raised its stake in PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after buying an additional 8,390 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of PLBY Group in the second quarter worth approximately $41,000. Hudson Bay Capital Management LP purchased a new stake in shares of PLBY Group in the third quarter worth approximately $52,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of PLBY Group in the third quarter worth approximately $56,000. 32.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PLBY Group news, General Counsel Christopher Riley sold 90,896 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1.78, for a total value of $161,794.88. Following the completion of the sale, the general counsel directly owned 1,688,679 shares of the company’s stock, valued at $3,005,848.62. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Bernhard L. Kohn III sold 81,771 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1.35, for a total value of $110,390.85. Following the completion of the transaction, the chief executive officer directly owned 5,812,861 shares of the company’s stock, valued at $7,847,362.35. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 727,429 shares of company stock valued at $1,117,125 over the last ninety days. 38.30% of the stock is currently owned by insiders.

PLBY Group Stock Down 0.7%

PLBY Group stock opened at $1.44 on Friday. PLBY Group, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.75. The stock has a market cap of $167.00 million, a PE ratio of -18.00 and a beta of 1.83. The firm’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.74. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Research analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

PLBY Group Profile

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.