Barclays PLC Purchases 31,995 Shares of Solo Brands, Inc. (NYSE:DTC)

Barclays PLC boosted its position in shares of Solo Brands, Inc. (NYSE:DTC) by 562.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,686 shares of the company’s stock after purchasing an additional 31,995 shares during the quarter. Barclays PLC’s holdings in Solo Brands were worth $53,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Solo Brands in the 3rd quarter valued at $25,000. Empowered Funds LLC grew its stake in Solo Brands by 5.3% in the third quarter. Empowered Funds LLC now owns 401,715 shares of the company’s stock valued at $566,000 after acquiring an additional 20,368 shares during the period. FMR LLC increased 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 worth $43,000 after acquiring an additional 21,209 shares in the last quarter. Lakewood Asset Management LLC raised its position in shares of Solo Brands by 42.5% during the third quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock worth $115,000 after purchasing an additional 24,325 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Solo Brands by 7.1% during the 2nd quarter. Sei Investments Co. now owns 623,283 shares of the company’s stock valued at $1,421,000 after purchasing an additional 41,073 shares in the last quarter. Institutional investors own 84.48% of the company’s stock.

Solo Brands Stock Down 1.4 %

NYSE:DTC opened at $1.10 on Friday. The firm has a market capitalization of $100.38 million, a price-to-earnings 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 stock’s 50 day moving average price is $1.18 and its two-hundred day moving average price is $1.52.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $3.00 price target on shares of Solo Brands in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Solo Brands has an average rating of “Hold” and an average price target of $2.52.

About Solo Brands

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.