Bbfit Investments PTE Ltd. Makes New $2.30 Million Investment in PLBY Group, Inc. $PLBY

Bbfit Investments PTE Ltd. acquired a new position in shares of PLBY Group, Inc. (NASDAQ:PLBY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,221,901 shares of the company’s stock, valued at approximately $2,297,000. PLBY Group makes up 0.2% of Bbfit Investments PTE Ltd.’s portfolio, making the stock its 7th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Engineers Gate Manager LP grew its holdings 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 acquiring an additional 8,390 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in PLBY Group during the 2nd quarter worth $41,000. Jones Financial Companies Lllp grew its holdings 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 acquiring an additional 32,263 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in PLBY Group during the 3rd quarter worth $52,000. Finally, Qube Research & Technologies Ltd acquired a new position in PLBY Group during the 3rd quarter worth $56,000. 32.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PLBY Group

In other PLBY Group news, Director Tracey E. Edmonds sold 30,816 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total transaction of $38,211.84. Following the sale, the director directly owned 223,548 shares in the company, valued at approximately $277,199.52. The trade was a 12.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher Riley sold 90,896 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1.78, for a total transaction of $161,794.88. Following the sale, the general counsel owned 1,688,679 shares in the company, valued at $3,005,848.62. This trade represents a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 727,429 shares of company stock worth $1,117,125 in the last ninety days. 34.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

PLBY Group Trading Down 5.3%

Shares of NASDAQ:PLBY opened at $1.43 on Thursday. The company has a market cap of $165.84 million, a PE ratio of -17.88 and a beta of 1.83. The company’s 50-day moving average price is $1.53 and its 200 day moving average price is $1.73. PLBY Group, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.75. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Sell-side analysts anticipate that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

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.