Solo Brands, Inc. (NYSE:DTC) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of Solo Brands, Inc. (NYSE:DTC) by 562.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,686 shares of the company’s stock after purchasing an additional 31,995 shares during the period. Barclays PLC’s holdings in Solo Brands were worth $53,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Solo Brands in the third quarter worth approximately $25,000. FMR LLC lifted its holdings in shares of Solo Brands by 235.1% in the third quarter. FMR LLC now owns 30,232 shares of the company’s stock valued at $43,000 after buying an additional 21,209 shares during the period. Lakewood Asset Management LLC boosted its stake in Solo Brands by 42.5% during the third quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock valued at $115,000 after buying an additional 24,325 shares in the last quarter. Verition Fund Management LLC grew its holdings in Solo Brands by 668.6% during the third quarter. Verition Fund Management LLC now owns 99,780 shares of the company’s stock worth $141,000 after acquiring an additional 86,798 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Solo Brands by 42.1% in the third quarter. Concurrent Investment Advisors LLC now owns 210,918 shares of the company’s stock worth $297,000 after acquiring an additional 62,530 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Solo Brands in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.52.

Solo Brands Stock Performance

NYSE DTC opened at $1.10 on Friday. The stock has a market cap of $100.38 million, a P/E ratio of -0.32 and a beta of 2.48. The company has a quick ratio of 0.60, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. Solo Brands, Inc. has a twelve month low of $1.03 and a twelve month high of $3.66. The company’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $1.52.

Solo Brands Profile

Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.