Advantage Solutions (NASDAQ:ADV) Reaches New 12-Month Low – Here’s What Happened

Advantage Solutions Inc. (NASDAQ:ADV)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $2.30 and last traded at $2.30, with a volume of 306 shares trading hands. The stock had previously closed at $2.38.

Advantage Solutions Price Performance

The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $737.73 million, a price-to-earnings ratio of -5.61 and a beta of 1.55. The stock’s 50 day simple moving average is $3.20 and its 200-day simple moving average is $3.41.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atairos Partners GP Inc. boosted its holdings in Advantage Solutions by 121.0% during the second quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company’s stock worth $35,374,000 after buying an additional 6,014,317 shares in the last quarter. CVC Management Holdings II Ltd. boosted its holdings in Advantage Solutions by 1.1% during the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock worth $262,785,000 after buying an additional 902,415 shares in the last quarter. Empowered Funds LLC boosted its holdings in Advantage Solutions by 13.9% during the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock worth $5,549,000 after buying an additional 197,534 shares in the last quarter. Barclays PLC boosted its holdings in Advantage Solutions by 318.7% during the third quarter. Barclays PLC now owns 166,024 shares of the company’s stock worth $570,000 after buying an additional 126,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Advantage Solutions by 68.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after buying an additional 1,388,198 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Advantage Solutions

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.