Crcm LP Buys New Stake in PLBY Group, Inc. (NASDAQ:PLBY)

Crcm LP bought a new stake in PLBY Group, Inc. (NASDAQ:PLBY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,074,400 shares of the company’s stock, valued at approximately $4,489,000. PLBY Group accounts for about 1.8% of Crcm LP’s portfolio, making the stock its 4th biggest position. Crcm LP owned 3.42% of PLBY Group at the end of the most recent quarter.

Separately, Sfmg LLC increased its stake in PLBY Group by 21.7% in the third quarter. Sfmg LLC now owns 500,000 shares of the company’s stock valued at $379,000 after acquiring an additional 89,000 shares during the period. 32.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLBY has been the topic of a number of analyst reports. Roth Capital raised shares of PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm initiated coverage on shares of PLBY Group in a research note on Friday, January 31st. They issued a “buy” rating and a $3.00 target price on the stock.

PLBY Group Price Performance

NASDAQ:PLBY opened at $1.20 on Tuesday. The firm has a market cap of $112.48 million, a PE ratio of -1.25 and a beta of 2.32. PLBY Group, Inc. has a 12 month low of $0.52 and a 12 month high of $2.44. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. The company’s 50-day moving average price is $1.69 and its two-hundred day moving average price is $1.25.

PLBY Group Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.