Insider Selling: PLBY Group (NASDAQ:PLBY) General Counsel Sells 90,896 Shares of Stock

Key Points

• PLBY General Counsel Christopher Riley sold 90,896 shares on May 5 at an average price of $1.78 for $161,794.88, a transaction disclosed in an SEC filing that was made to cover tax withholding on vested equity and reduced his stake by 5.11%.
• Riley also sold 90,674 shares on May 4 and 8,916 on April 24, leaving him with 1,688,679 shares (≈$3.01M); meanwhile PLBY shares traded at $1.77 (up 1.1%), the company has a market cap of $204.4M, a negative PE (−11.80), and notable institutional interest including Fortress owning ~16.59M shares.

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) General Counsel Christopher Riley sold 90,896 shares of PLBY Group stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1.78, for a total value of $161,794.88. Following the sale, the general counsel directly owned 1,688,679 shares in the company, valued at approximately $3,005,848.62. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was sold at an average price of $1.75, for a total value of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The stock was sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Stock Up 1.1%

Shares of NASDAQ PLBY traded up $0.02 during midday trading on Tuesday, reaching $1.77. 628,270 shares of the company's stock were exchanged, compared to its average volume of 722,018. PLBY Group, Inc. has a 52-week low of $1.03 and a 52-week high of $2.75. The stock has a market capitalization of $204.36 million, a PE ratio of -11.80 and a beta of 1.91. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.82 and a current ratio of 1.03. The business's fifty day moving average price is $1.74 and its two-hundred day moving average price is $1.75.

PLBY Group (NASDAQ:PLBY - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $34.91 million for the quarter, compared to analysts' expectations of $33.52 million. Analysts forecast that PLBY Group, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

Hedge funds have recently bought and sold shares of the company. Fortress Investment Group LLC grew its stake in PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company's stock worth $24,387,000 after purchasing an additional 10,740,578 shares in the last quarter. Crcm LP grew its stake in PLBY Group by 105.4% in the third quarter. Crcm LP now owns 1,451,156 shares of the company's stock worth $2,133,000 after purchasing an additional 744,536 shares in the last quarter. Engineers Gate Manager LP grew its stake in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company's stock worth $37,000 after purchasing an additional 8,390 shares in the last quarter. Jones Financial Companies Lllp grew its stake in PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock worth $36,000 after purchasing an additional 32,263 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in PLBY Group by 30.4% in the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company's stock worth $45,000 after purchasing an additional 6,965 shares in the last quarter. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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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