Sei Investments Co. Acquires New Shares in PLBY Group, Inc. (NASDAQ:PLBY)

Sei Investments Co. bought a new position in shares of PLBY Group, Inc. (NASDAQ:PLBY) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,215 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds have also recently added to or reduced their stakes in PLBY. Arkadios Wealth Advisors bought a new position in PLBY Group during the 2nd quarter worth about $38,000. Danda Trouve Investment Management Inc. bought a new position in PLBY Group during the 2nd quarter worth about $44,000. Patriot Financial Group Insurance Agency LLC bought a new position in PLBY Group during the 2nd quarter worth about $131,000. Quinn Opportunity Partners LLC bought a new position in PLBY Group during the 1st quarter worth about $198,000. Finally, Platform Technology Partners bought a new position in PLBY Group during the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 73.17% of the company’s stock.

Shares of NASDAQ:PLBY opened at $25.62 on Friday. PLBY Group, Inc. has a 52-week low of $9.98 and a 52-week high of $63.04. The company has a 50-day simple moving average of $25.46 and a 200 day simple moving average of $32.54. The company has a current ratio of 5.90, a quick ratio of 5.54 and a debt-to-equity ratio of 0.43.

PLBY Group (NASDAQ:PLBY) last issued its earnings results on Tuesday, August 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.23). The company had revenue of $49.90 million for the quarter, compared to analyst estimates of $46.90 million. PLBY Group’s quarterly revenue was up 44.2% compared to the same quarter last year. On average, equities research analysts anticipate that PLBY Group, Inc. will post -0.17 earnings per share for the current year.

A number of equities analysts have recently commented on PLBY shares. Roth Capital reduced their price objective on shares of PLBY Group from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 11th. Stifel Nicolaus started coverage on shares of PLBY Group in a research note on Thursday, June 24th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of PLBY Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $46.20.

In other PLBY Group news, insider Fortress Investment Group Llc sold 24,981 shares of the firm’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $21.70, for a total transaction of $542,087.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 698,949 shares of company stock valued at $16,914,872 over the last quarter.

PLBY Group Profile

PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as condoms, lubricants, libido enhancers, bedroom accessories and sex toys, intimates and lingerie, intimacy kits, CBD-based arousal offerings, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.

Read More: Hold Rating

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Institutional Ownership by Quarter for PLBY Group (NASDAQ:PLBY)

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