Advantage Solutions (NASDAQ:ADV) Hits New 12-Month Low – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $2.64 and last traded at $2.65, with a volume of 283862 shares trading hands. The stock had previously closed at $2.84.

Advantage Solutions Stock Performance

The stock has a market capitalization of $850.00 million, a PE ratio of -6.46 and a beta of 1.55. 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 50 day moving average of $3.28 and a 200-day moving average of $3.44.

Insider Transactions at Advantage Solutions

In other news, CEO David A. Peacock acquired 16,633 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the completion of the acquisition, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ADV. Bank of New York Mellon Corp lifted its holdings in shares of Advantage Solutions by 24.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 579,116 shares of the company’s stock valued at $1,865,000 after buying an additional 114,770 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Advantage Solutions in the second quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock worth $84,000 after acquiring an additional 8,256 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Advantage Solutions by 11.9% during the 2nd quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Advantage Solutions by 11.3% during the 2nd quarter. Rhumbline Advisers now owns 149,818 shares of the company’s stock worth $482,000 after purchasing an additional 15,158 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

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.