Crcm LP Has $6.61 Million Stock Holdings in PLBY Group, Inc. $PLBY

Crcm LP grew its position in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 17.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,345,517 shares of the company’s stock after purchasing an additional 656,065 shares during the quarter. PLBY Group accounts for 4.7% of Crcm LP’s portfolio, making the stock its 3rd largest position. Crcm LP owned about 3.75% of PLBY Group worth $6,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Engineers Gate Manager LP boosted 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 buying an additional 8,390 shares in the last quarter. Bogart Wealth LLC raised its position in PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in PLBY Group in the second quarter worth about $41,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in PLBY Group by 136.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after acquiring an additional 14,641 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after acquiring an additional 6,965 shares during the last quarter. Institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLBY. Zacks Research raised shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PLBY Group has a consensus rating of “Reduce”.

Insider Transactions at PLBY Group

In related news, General Counsel Christopher Riley sold 90,896 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1.78, for a total value of $161,794.88. Following the completion of the sale, the general counsel owned 1,688,679 shares in the company, valued at approximately $3,005,848.62. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Bernhard L. Kohn III sold 109,342 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $1.14, for a total transaction of $124,649.88. Following the completion of the transaction, the chief executive officer directly owned 5,594,560 shares of the company’s stock, valued at $6,377,798.40. This represents a 1.92% decrease in their position. 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 3,103,064 shares of company stock valued at $3,674,690 over the last ninety days. Corporate insiders own 34.50% of the company’s stock.

PLBY Group Trading Up 3.3%

Shares of NASDAQ PLBY opened at $1.27 on Thursday. PLBY Group, Inc. has a 12 month low of $1.08 and a 12 month high of $2.75. The company has a market cap of $147.28 million, a price-to-earnings ratio of -15.88 and a beta of 1.86. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The business has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.61.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%.The company had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.71 million. Sell-side analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current year.

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.