Millennium Management LLC Invests $281,000 in PLBY Group, Inc. (NASDAQ:PLBY)

Millennium Management LLC purchased a new position in PLBY Group, Inc. (NASDAQ:PLBY) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 192,145 shares of the company’s stock, valued at approximately $281,000. Millennium Management LLC owned 0.20% of PLBY Group at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PLBY. Balyasny Asset Management L.P. acquired a new stake in shares of PLBY Group in the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC acquired a new stake in shares of PLBY Group in the 4th quarter worth approximately $41,000. BNP Paribas Financial Markets acquired a new stake in shares of PLBY Group in the 4th quarter worth approximately $58,000. Virtu Financial LLC acquired a new stake in shares of PLBY Group in the 4th quarter worth approximately $72,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of PLBY Group in the 4th quarter worth approximately $87,000. 32.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PLBY Group

In other news, CEO Bernhard L. Kohn III sold 27,400 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the sale, the chief executive officer now owns 4,346,015 shares in the company, valued at $6,214,801.45. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 38.30% of the company’s stock.

PLBY Group Stock Down 0.6%

PLBY stock opened at $1.56 on Wednesday. PLBY Group, Inc. has a 12 month low of $0.52 and a 12 month high of $2.44. The firm has a market cap of $146.55 million, a PE ratio of -1.62 and a beta of 2.52. The firm has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $1.43. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.44 and a quick ratio of 1.44.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of PLBY Group from a “sell” rating to a “hold” rating in a research note on Friday, May 30th.

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.