Advantage Solutions (NASDAQ:ADV) Trading Up 5.3%

Advantage Solutions Inc. (NASDAQ:ADV)’s share price traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $3.57 and last traded at $3.57. 274,678 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 839,231 shares. The stock had previously closed at $3.39.

Advantage Solutions Stock Up 6.8 %

The firm has a market cap of $1.16 billion, a P/E ratio of -50.99 and a beta of 1.48. The firm’s 50-day moving average price is $3.68 and its 200 day moving average price is $3.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.12 and a quick ratio of 2.12.

Advantage Solutions (NASDAQ:ADV) last released its earnings results on Wednesday, August 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). Advantage Solutions had a negative return on equity of 5.96% and a negative net margin of 2.72%. The firm had revenue of $873.36 million for the quarter, compared to the consensus estimate of $909.64 million. On average, equities research analysts expect that Advantage Solutions Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased 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 in the company, valued at $6,473,904.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Advantage Solutions

Several large investors have recently added to or reduced their stakes in the stock. Atairos Partners GP Inc. increased its holdings in shares of Advantage Solutions by 114.7% in the 4th quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after acquiring an additional 2,272,428 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $55,000. Victory Capital Management Inc. bought a new stake in shares of Advantage Solutions during the fourth quarter valued at approximately $51,000. BlackBarn Capital Partners LP acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $2,956,000. Finally, Principal Financial Group Inc. grew its holdings in Advantage Solutions by 293.0% in the 1st quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock worth $186,000 after buying an additional 32,049 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

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.