The Vanguard Group, Inc. has recently announced that it has increased stake in Solo Brands Inc. (NYSE:DTC) by 6.40%. After grabbing 1.24 million shares, the institutional investor is now in possession of 74414.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 1.94% having worth around $9.88 million. Moreover, Geode Capital Management LLC increased its share by 14407.0 to have a control over 0.41 million shares. And Marshall Wace LLP raised its holdings to 0.13 million shares by acquiring 0.41 million shares or 0.65% of the stake.
Solo Brands Inc. (DTC) concluded trading on 05/24/23 at a closing price of $5.04, with 1.05 million shares of worth about $5.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.00% during that period and on Wednesday the price saw a loss of about -0.20%. Currently the company’s common shares owned by public are about 63.67M shares, out of which, 63.36M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 269,804 shares in 21 of the transactions. In 4 selling transactions, insiders dumped 8,414 shares.
American Century Small Cap Value, Wasatch Ultra Growth Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Solo Brands Inc. American Century Small Cap Value is currently holding 1.79 million shares of worth totaling $14.33 million. The company recently came selling -0.77 million shares which brought its stake up to 2.82% of the company’s outstanding shares. Wasatch Ultra Growth Fund sold -0.45 million shares, after which its hold over company’s outstanding shares shrunk to 1.48%, leaving 0.94 million shares with the mutual fund that have a worth of about $7.55 million. Vanguard Total Stock Market ETF, after buying 0.83 million shares, have now control over 1.31% of the stake in the company. It holds 0.0 shares of worth $6.66 million.
Solo Brands Inc. (NYSE: DTC) started trading at $5.09, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 5.11, or with a loss of -0.20%. Stock saw a price change of -3.82% in past 5 days and over the past one month there was a price change of -35.38%. Year-to-date (YTD), DTC shares are showing a performance of 35.48% which increased to 23.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.39 but also hit the highest price of $8.86 during that period. The average intraday trading volume for Solo Brands Inc. shares is 715.83K. The stock is currently trading -21.61% below its 20-day simple moving average (SMA20), while that difference is down -28.03% for SMA50 and it goes to 1.07% higher than SMA200.
The Vanguard Group, Inc. acquired 1.24 million shares of Solo Brands Inc. having value of about $9.88 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 74414.0 shares in the company valued at close to $375046.56, or have control over 6.40% stake in the company. Solo Brands Inc. (NYSE: DTC) currently have 63.67M outstanding shares and institutions hold larger chunk of about 117.79% of that. Holding of mutual funds in the company is about 11.10% while other institutional holders and individual stake holders have control over 7.53% and 0.68% of the stake respectively.
The stock has a current market capitalization of $492.71M. It has posted earnings per share of -$0.03 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DTC, volatility over the week remained 4.00% while standing at 6.16% over the month.
Analysts are in expectations that Solo Brands Inc. (DTC) stock would likely to be making an EPS of $0.23 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $1.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -168.90% while it is estimated to increase by 12.09% in next year.
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