Solo Brands (NYSE:DTC) Shares Down 11.3% - Time to Sell?

Solo Brands, Inc. (NYSE:DTC - Get Free Report) traded down 11.3% during trading on Monday . The company traded as low as $17.02 and last traded at $18.72. 10,775 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 495,981 shares. The stock had previously closed at $21.10.

Solo Brands Trading Up 4.8%

The stock has a market capitalization of $48.97 million, a PE ratio of -0.25 and a beta of 4.81. The firm has a 50-day moving average price of $9.17 and a 200-day moving average price of $17.19.

Institutional Investors Weigh In On Solo Brands

Large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new position in Solo Brands in the 4th quarter worth about $31,000. Nexpoint Asset Management L.P. bought a new position in Solo Brands in the 4th quarter worth about $166,000. Marshall Wace LLP boosted its stake in Solo Brands by 13.6% in the 4th quarter. Marshall Wace LLP now owns 231,988 shares of the company's stock worth $264,000 after purchasing an additional 27,701 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Solo Brands by 2.1% in the 4th 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 boosted its stake in Solo Brands by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 782,105 shares of the company's stock worth $892,000 after purchasing an additional 20,390 shares during the period. Hedge funds and other institutional investors own 84.48% of the company's stock.

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.