Millennium Management LLC Buys Shares of 192,145 PLBY Group, Inc. (NASDAQ:PLBY)

Millennium Management LLC acquired a new stake in PLBY Group, Inc. (NASDAQ:PLBY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,145 shares of the company's stock, valued at approximately $281,000. Millennium Management LLC owned approximately 0.20% of PLBY Group at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new position in PLBY Group in the fourth quarter valued at $26,000. Tower Research Capital LLC TRC acquired a new position in PLBY Group in the fourth quarter valued at $41,000. BNP Paribas Financial Markets acquired a new position in PLBY Group in the fourth quarter valued at $58,000. Virtu Financial LLC acquired a new position in PLBY Group in the fourth quarter valued at $72,000. Finally, Two Sigma Securities LLC acquired a new position in PLBY Group in the fourth quarter valued at $87,000. Institutional investors and hedge funds own 32.46% of the company's stock.

Insider Buying and Selling

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the completion of the transaction, the chief executive officer now directly owns 4,346,015 shares of the company's stock, valued at $6,214,801.45. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 38.30% of the stock is currently owned by corporate insiders.

PLBY Group Stock Performance

Shares of NASDAQ:PLBY traded down $0.01 on Thursday, reaching $1.50. The company's stock had a trading volume of 245,884 shares, compared to its average volume of 1,146,681. The stock's 50-day moving average is $1.24 and its two-hundred day moving average is $1.43. PLBY Group, Inc. has a 52-week low of $0.52 and a 52-week high of $2.44. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $140.92 million, a P/E ratio of -1.56 and a beta of 2.52.

PLBY Group (NASDAQ:PLBY - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, meeting analysts' consensus estimates of ($0.10). PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. The business had revenue of $28.88 million during the quarter, compared to analysts' expectations of $26.70 million. As a group, sell-side analysts forecast that PLBY Group, Inc. will post -1.01 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of PLBY Group from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

About PLBY Group

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.