Solo Brands (NYSE:DTC) Reaches New 1-Year High – Here’s Why

Solo Brands, Inc. (NYSE:DTC)’s share price reached a new 52-week high during trading on Saturday . The stock traded as high as $33.43 and last traded at $20.75, with a volume of 77506 shares. The stock had previously closed at $0.10.

Solo Brands Stock Performance

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 firm has a market cap of $1.91 billion, a price-to-earnings ratio of -6.03 and a beta of 2.86. The stock’s fifty day moving average is $8.19 and its two-hundred day moving average is $17.33.

Hedge Funds Weigh In On Solo Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new stake in Solo Brands during the 4th quarter valued at $31,000. Nexpoint Asset Management L.P. acquired a new position in shares of Solo Brands during the fourth quarter valued at $166,000. Marshall Wace LLP raised its stake in shares of Solo Brands by 13.6% during the fourth quarter. Marshall Wace LLP now owns 231,988 shares of the company’s stock valued at $264,000 after purchasing an additional 27,701 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Solo Brands by 2.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 547,307 shares of the company’s stock worth $624,000 after purchasing an additional 11,025 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in Solo Brands by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 782,105 shares of the company’s stock valued at $892,000 after buying an additional 20,390 shares in the last quarter. 84.48% of the stock is owned by institutional investors.

Solo Brands Company 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.