Advantage Solutions (NASDAQ:ADV) Trading Down 3.4% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV)’s share price fell 3.4% during trading on Thursday . The stock traded as low as $2.81 and last traded at $2.82. 83,233 shares traded hands during 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 stock has a market cap of $910.94 million, a PE ratio of -6.93 and a beta of 1.51. 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 business has a 50 day moving average price of $3.29 and a two-hundred day moving average price of $3.43.

Insiders Place Their Bets

In related news, CEO David A. Peacock purchased 16,633 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Advantage Solutions during the 2nd quarter valued at approximately $31,000. Algert Global LLC bought a new stake in Advantage Solutions during the 2nd quarter valued at $36,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Advantage Solutions during the third quarter worth $54,000. Paloma Partners Management Co bought a new position in shares of Advantage Solutions in the third quarter worth $77,000. Finally, Creative Planning purchased a new position in shares of Advantage Solutions in the third quarter valued at $82,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.