Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells 25,900 Shares of Stock

Key Points

• PLBY Group director Tracey Edmonds sold 25,900 shares at an average price of $1.16, generating approximately $30,044. The sale reduced her direct ownership by 15.4% to 142,253 shares.
• PLBY shares fell 2.5% to about $1.15, near the company’s 52-week low of $1.08. The stock has a high debt-to-equity ratio of 6.83 and trades below both its 50-day and 200-day moving averages.
• Analyst sentiment remains cautious, with one Hold and one Sell rating producing a consensus rating of “Reduce.” Institutional investors own 32.46% of the company, despite several funds recently increasing their positions.

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 25,900 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1.16, for a total value of $30,044.00. Following the transaction, the director directly owned 142,253 shares of the company's stock, valued at $165,013.48. The trade was a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PLBY Group Stock Down 2.5%

PLBY stock traded down $0.03 during mid-day trading on Wednesday, reaching $1.15. The company had a trading volume of 449,722 shares, compared to its average volume of 959,982. PLBY Group, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $2.75. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79. The company has a market capitalization of $137.78 million, a price-to-earnings ratio of 23.40 and a beta of 1.91. The firm has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $1.46.

Institutional Investors Weigh In On PLBY Group

Institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP boosted its position in PLBY Group by 16.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company's stock valued at $77,000 after buying an additional 5,648 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of PLBY Group by 30.4% during the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company's stock valued at $45,000 after purchasing an additional 6,965 shares during the period. Engineers Gate Manager LP lifted its stake in PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company's stock valued at $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company's stock valued at $38,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its position in shares of PLBY Group by 41.7% during the third quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company's stock worth $52,000 after purchasing an additional 10,500 shares during the period. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLBY shares. Weiss Ratings upgraded shares of PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Zacks Research raised PLBY Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

PLBY Group Company 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.

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