PLBY Group (NASDAQ:PLBY) Stock: Insider Holding S.A R.L. Docler Acquires 4,761,905 Shares

by · The Markets Daily

PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) Director Holding S.A R.L. Docler acquired 4,761,905 shares of PLBY Group stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $1.05 per share, for a total transaction of $5,000,000.25. Following the completion of the transaction, the director directly owned 19,707,207 shares in the company, valued at $20,692,567.35. This trade represents a 31.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PLBY Group Trading Up 6.9%

NASDAQ PLBY traded up $0.09 during trading on Tuesday, hitting $1.32. The stock had a trading volume of 1,348,929 shares, compared to its average volume of 896,111. 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 stock has a market capitalization of $158.75 million, a price-to-earnings ratio of 23.40 and a beta of 1.96. PLBY Group, Inc. has a one year low of $0.95 and a one year high of $2.75. The stock has a 50 day simple moving average of $1.11 and a 200 day simple moving average of $1.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded PLBY Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Get Our Latest Stock Analysis on PLBY

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLBY. CTC Alternative Strategies Ltd. bought a new stake in PLBY Group during the 1st quarter valued at about $27,000. Bogart Wealth LLC boosted its position in PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the period. Kestra Advisory Services LLC boosted its position 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 buying an additional 6,965 shares during the period. Bank of America Corp DE grew its stake in PLBY Group by 56.5% in the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock worth $129,000 after acquiring an additional 30,734 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in PLBY Group in the 1st quarter worth about $228,000. 32.46% of the stock is currently owned by institutional investors.

About PLBY Group

(Get Free Report)

PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.

The company’s operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.

Playboy was founded by Hugh Hefner in 1953 as a men’s lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.

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