Solo Brands, Inc. (NYSE:DTC) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its holdings in Solo Brands, Inc. (NYSE:DTC) by 5.3% in the third quarter, Holdings Channel reports. The fund owned 401,715 shares of the company’s stock after buying an additional 20,368 shares during the period. Empowered Funds LLC’s holdings in Solo Brands were worth $566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DTC. American Century Companies Inc. increased its position in shares of Solo Brands by 7.4% during the second quarter. American Century Companies Inc. now owns 5,561,257 shares of the company’s stock valued at $12,680,000 after acquiring an additional 384,989 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Solo Brands by 9.4% during the 2nd quarter. AQR Capital Management LLC now owns 719,307 shares of the company’s stock worth $1,640,000 after acquiring an additional 62,014 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Solo Brands by 7.1% in the 2nd quarter. Sei Investments Co. now owns 623,283 shares of the company’s stock valued at $1,421,000 after buying an additional 41,073 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Solo Brands by 42.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 210,918 shares of the company’s stock valued at $297,000 after purchasing an additional 62,530 shares during the period. Finally, Lakewood Asset Management LLC raised its position in Solo Brands by 42.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock valued at $115,000 after purchasing an additional 24,325 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DTC. Canaccord Genuity Group reissued a “buy” rating and set a $3.00 price target on shares of Solo Brands in a report on Tuesday, November 19th. Citigroup dropped their target price on Solo Brands from $2.50 to $1.35 and set a “neutral” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.93.

Solo Brands Stock Up 6.7 %

DTC opened at $1.27 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 0.60. Solo Brands, Inc. has a 12 month low of $1.03 and a 12 month high of $6.36. The stock has a market capitalization of $116.42 million, a P/E ratio of -0.37 and a beta of 2.55. The business has a 50 day simple moving average of $1.34 and a 200-day simple moving average of $1.71.

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.