Kennedy Capital Management LLC Sells 139,322 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Kennedy Capital Management LLC decreased its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,053 shares of the company’s stock after selling 139,322 shares during the period. Kennedy Capital Management LLC owned 0.24% of Advantage Solutions worth $3,321,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Advantage Solutions by 1.2% during the first quarter. Vanguard Group Inc. now owns 8,371,726 shares of the company’s stock valued at $36,250,000 after purchasing an additional 99,133 shares in the last quarter. Atairos Partners GP Inc. raised its stake in Advantage Solutions by 16.9% during the first quarter. Atairos Partners GP Inc. now owns 4,971,442 shares of the company’s stock worth $21,526,000 after acquiring an additional 717,714 shares in the last quarter. Kent Lake Capital LLC lifted its holdings in shares of Advantage Solutions by 1.0% during the fourth quarter. Kent Lake Capital LLC now owns 1,615,260 shares of the company’s stock valued at $5,847,000 after acquiring an additional 15,260 shares during the period. Contrarian Capital Management L.L.C. boosted its stake in shares of Advantage Solutions by 2.0% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,269,631 shares of the company’s stock valued at $4,596,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Advantage Solutions by 18.5% in the 1st quarter. Empowered Funds LLC now owns 1,218,062 shares of the company’s stock worth $5,274,000 after purchasing an additional 190,415 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO David A. Peacock bought 40,000 shares of Advantage Solutions stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the chief executive officer now owns 2,320,396 shares of the company’s stock, valued at $6,473,904.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Advantage Solutions Price Performance

ADV stock traded down $0.05 during trading on Wednesday, hitting $3.96. 191,191 shares of the stock traded hands, compared to its average volume of 869,627. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.66. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -57.28 and a beta of 1.48. Advantage Solutions Inc. has a one year low of $1.85 and a one year high of $4.95. The company has a 50 day simple moving average of $3.34 and a 200 day simple moving average of $3.79.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). Advantage Solutions had a negative return on equity of 5.26% and a negative net margin of 0.36%. The business had revenue of $879.00 million for the quarter, compared to the consensus estimate of $893.04 million. During the same quarter last year, the company earned ($0.15) earnings per share. Equities analysts expect that Advantage Solutions Inc. will post 0.41 EPS for the current fiscal year.

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.