Concurrent Investment Advisors LLC Has $51,000 Stock Holdings in Solo Brands, Inc. (NYSE:DTC)

Concurrent Investment Advisors LLC decreased its position in Solo Brands, Inc. (NYSE:DTC) by 79.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,330 shares of the company’s stock after selling 166,588 shares during the period. Concurrent Investment Advisors LLC’s holdings in Solo Brands were worth $51,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Solo Brands by 5.1% in the 4th quarter. Empowered Funds LLC now owns 422,105 shares of the company’s stock valued at $481,000 after purchasing an additional 20,390 shares during the last quarter. Williams & Novak LLC lifted its holdings in Solo Brands by 156.1% in the fourth quarter. Williams & Novak LLC now owns 61,712 shares of the company’s stock valued at $70,000 after buying an additional 37,612 shares during the period. JPMorgan Chase & Co. boosted its stake in Solo Brands by 67.7% in the third quarter. JPMorgan Chase & Co. now owns 2,085,462 shares of the company’s stock valued at $2,941,000 after acquiring an additional 841,611 shares during the last quarter. Barclays PLC grew its holdings in Solo Brands by 562.2% during the 3rd quarter. Barclays PLC now owns 37,686 shares of the company’s stock worth $53,000 after acquiring an additional 31,995 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Solo Brands by 27.4% during the 3rd quarter. Geode Capital Management LLC now owns 599,370 shares of the company’s stock valued at $845,000 after acquiring an additional 129,085 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $3.00 price target on shares of Solo Brands in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.52.

Solo Brands Stock Down 0.6 %

Shares of NYSE:DTC opened at $0.79 on Thursday. The company has a 50 day moving average price of $1.02 and a two-hundred day moving average price of $1.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.60 and a current ratio of 1.57. The company has a market capitalization of $71.97 million, a PE ratio of -0.23 and a beta of 2.45. Solo Brands, Inc. has a 52 week low of $0.78 and a 52 week high of $2.80.

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.