PLBY Group (NASDAQ:PLBY) General Counsel Sells $161,794.88 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 90,896 shares of PLBY Group stock in a transaction dated 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 transaction, the general counsel 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 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 Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was sold at an average price of $1.75, for a total value of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The stock was sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Stock Up 1.1%

NASDAQ:PLBY traded up $0.02 during mid-day trading on Tuesday, reaching $1.77. The stock had a trading volume of 628,270 shares, compared to its average volume of 722,018. The company has a debt-to-equity ratio of 9.40, a current ratio of 1.03 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $1.75. PLBY Group, Inc. has a 1-year low of $1.03 and a 1-year high of $2.75. The company has a market capitalization of $204.36 million, a price-to-earnings ratio of -11.80 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last issued its earnings results on Monday, March 16th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $34.91 million during the quarter, compared to analyst estimates of $33.52 million. Equities analysts anticipate that PLBY Group, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after acquiring an additional 32,263 shares during the period. Engineers Gate Manager LP boosted its stake in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after acquiring an additional 8,390 shares during the period. Bogart Wealth LLC boosted its stake in PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after acquiring an additional 10,000 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after acquiring an additional 14,641 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in PLBY Group in the second quarter valued at approximately $41,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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.