Advantage Solutions Inc. (NASDAQ:ADV) CEO David A. Peacock Buys 15,000 Shares of Stock

Advantage Solutions Inc. (NASDAQ:ADV) CEO David A. Peacock purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,335,396 shares of the company’s stock, valued at approximately $7,940,346.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Advantage Solutions Price Performance

Advantage Solutions stock opened at $3.62 on Wednesday. Advantage Solutions Inc. has a 52 week low of $1.85 and a 52 week high of $4.95. The company’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $3.75. The stock has a market cap of $1.17 billion, a P/E ratio of -51.71 and a beta of 1.48. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.82.

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

Institutional Investors Weigh In On Advantage Solutions

Several large investors have recently modified their holdings of the stock. New York State Common Retirement Fund increased its holdings in Advantage Solutions by 323.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,931 shares of the company’s stock worth $134,000 after acquiring an additional 28,211 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Advantage Solutions during the 4th quarter valued at $51,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advantage Solutions during the fourth quarter worth $57,000. Contrarian Capital Management L.L.C. lifted its position in shares of Advantage Solutions by 2.0% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 1,269,631 shares of the company’s stock worth $4,596,000 after acquiring an additional 25,000 shares in the last quarter. Finally, BlackBarn Capital Partners LP bought a new position in shares of Advantage Solutions in the fourth quarter worth $2,956,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.