Millennium Management LLC Takes Position in PLBY Group, Inc. (NASDAQ:PLBY)

Millennium Management LLC purchased a new position in PLBY Group, Inc. (NASDAQ:PLBY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 192,145 shares of the company's stock, valued at approximately $281,000. Millennium Management LLC owned about 0.20% of PLBY Group at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of PLBY Group during the fourth quarter worth $72,000. BNP Paribas Financial Markets purchased a new stake in PLBY Group during the 4th quarter valued at about $58,000. Geode Capital Management LLC raised its holdings in PLBY Group by 29.8% in the 4th quarter. Geode Capital Management LLC now owns 719,299 shares of the company's stock valued at $1,050,000 after acquiring an additional 165,092 shares during the last quarter. Renaissance Technologies LLC lifted its stake in PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company's stock worth $387,000 after purchasing an additional 252,526 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of PLBY Group in the fourth quarter valued at approximately $115,000. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PLBY Group

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1.43, for a total value of $39,182.00. Following the transaction, the chief executive officer now 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 filing with the SEC, which is available through this hyperlink. Company insiders own 38.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut PLBY Group from a "hold" rating to a "sell" rating in a report on Saturday.

PLBY Group Trading Down 6.7%

Shares of NASDAQ PLBY traded down $0.10 during midday trading on Friday, reaching $1.40. 298,346 shares of the stock were exchanged, compared to its average volume of 1,150,914. The stock has a market capitalization of $131.52 million, a P/E ratio of -1.46 and a beta of 2.52. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.43. PLBY Group, Inc. has a twelve month low of $0.52 and a twelve month high of $2.44.

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

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.