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 PLBY Group stock in a transaction on Monday, May 4th. The shares were sold at an average price of $1.75, for a total value of $158,679.50. Following the completion of the transaction, the general counsel directly owned 1,779,575 shares of the company’s stock, valued at $3,114,256.25. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value 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 value of $16,227.12.

PLBY Group Price Performance

NASDAQ PLBY traded up $0.02 during midday trading on Tuesday, hitting $1.77. The company had a trading volume of 628,270 shares, compared to its average volume of 722,018. The company has a market capitalization of $204.36 million, a PE ratio of -11.80 and a beta of 1.91. The company has a current ratio of 1.03, a quick ratio of 0.82 and a debt-to-equity ratio of 9.40. The firm has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.75. PLBY Group, Inc. has a twelve month low of $1.03 and a twelve month high of $2.75.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $34.91 million during the quarter, compared to analyst estimates of $33.52 million. As a group, analysts anticipate that PLBY Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

Several hedge funds and other institutional investors have recently made changes to their positions in PLBY. Fortress Investment Group LLC raised its position in shares of PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after buying an additional 10,740,578 shares in the last quarter. Crcm LP raised its position in shares of PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after buying an additional 2,238,296 shares in the last quarter. Bbfit Investments PTE Ltd. acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $2,297,000. Marshall Wace LLP acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $1,169,000. Finally, 683 Capital Management LLC acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $492,000. 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.