Squarepoint Ops LLC Makes New $50,000 Investment in PLBY Group, Inc. (NASDAQ:PLBY)

Squarepoint Ops LLC purchased a new position in PLBY Group, Inc. (NASDAQ:PLBY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,238 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also recently made changes to their positions in the business. Balyasny Asset Management L.P. purchased a new position in shares of PLBY Group during the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC bought a new stake in PLBY Group in the fourth quarter worth $41,000. BNP Paribas Financial Markets bought a new position in shares of PLBY Group during the fourth quarter valued at $58,000. Virtu Financial LLC bought a new position in shares of PLBY Group during the fourth quarter valued at $72,000. Finally, Two Sigma Securities LLC bought a new position in shares of PLBY Group during the fourth quarter valued at $87,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded PLBY Group from a “sell” rating to a “hold” rating in a research report on Friday, May 30th.

PLBY Group Stock Performance

NASDAQ PLBY opened at $1.56 on Wednesday. The stock has a market capitalization of $146.55 million, a PE ratio of -1.62 and a beta of 2.52. The business has a 50 day simple moving average of $1.22 and a two-hundred 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, Inc. has a 1-year low of $0.52 and a 1-year high of $2.44.

PLBY Group (NASDAQ:PLBY) last announced its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The firm had revenue of $28.88 million during the quarter, compared to analysts’ expectations of $26.70 million. On average, research analysts predict that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

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 on Friday, May 23rd. The stock was sold at an average price of $1.43, for a total value of $39,182.00. Following the completion of the transaction, the chief executive officer now directly owns 4,346,015 shares of the company’s stock, valued at approximately $6,214,801.45. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 38.30% of the stock is owned by company insiders.

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.