Advantage Solutions (NASDAQ:ADV) Stock Price Down 3.4% – Here’s What Happened

Advantage Solutions Inc. (NASDAQ:ADV)’s share price fell 3.4% during mid-day trading on Thursday . The company traded as low as $2.81 and last traded at $2.82. 83,233 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 737,751 shares. The stock had previously closed at $2.92.

Advantage Solutions Price Performance

The business’s 50-day moving average price is $3.29 and its 200 day moving average price is $3.43. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $910.94 million, a P/E ratio of -6.93 and a beta of 1.51.

Insider Activity

In related news, CEO David A. Peacock bought 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $3.30 per share, with a total value 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. This trade represents a 0.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors have recently made changes to their positions in ADV. Allspring Global Investments Holdings LLC bought a new stake in shares of Advantage Solutions during the 2nd quarter worth $31,000. Algert Global LLC purchased a new stake in Advantage Solutions during the second quarter valued at about $36,000. Y Intercept Hong Kong Ltd purchased a new stake in Advantage Solutions during the third quarter valued at about $54,000. Paloma Partners Management Co bought a new stake in Advantage Solutions during the third quarter worth about $77,000. Finally, Creative Planning purchased a new position in shares of Advantage Solutions in the 3rd quarter worth about $82,000. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

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.