Short Interest in Advantage Solutions Inc. (NASDAQ:ADV) Grows By 6.7%

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 8,700,000 shares, a growth of 6.7% from the July 31st total of 8,150,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 8.5 days. Currently, 38.8% of the company’s stock are short sold.

Insider Buying and Selling

In related news, CEO David A. Peacock acquired 40,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was bought at an average price of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the purchase, the chief executive officer now directly owns 2,320,396 shares of the company’s stock, valued at approximately $6,473,904.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC acquired a new position in shares of Advantage Solutions in the second quarter valued at approximately $36,000. The Manufacturers Life Insurance Company increased its stake in Advantage Solutions by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock valued at $179,000 after buying an additional 10,025 shares during the period. AQR Capital Management LLC raised its position in Advantage Solutions by 88.1% during the 2nd quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock worth $1,074,000 after buying an additional 156,248 shares during the last quarter. Atairos Partners GP Inc. raised its position in Advantage Solutions by 121.0% during the 2nd 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 during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of Advantage Solutions in the 2nd quarter worth $283,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Price Performance

ADV stock opened at $3.74 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $1.20 billion, a P/E ratio of -53.43 and a beta of 1.48. The business has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $3.76. Advantage Solutions has a twelve month low of $1.85 and a twelve month high of $4.95.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.14). Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. The business had revenue of $873.36 million during the quarter, compared to analysts’ expectations of $909.64 million. As a group, equities analysts anticipate that Advantage Solutions will post 0.39 EPS for the current year.

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.