a16z Perennial Management L.P. Invests $55,000 in Advantage Solutions Inc. (NASDAQ:ADV)

a16z Perennial Management L.P. purchased a new stake in Advantage Solutions Inc. (NASDAQ:ADV) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 18,867 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc acquired a new stake in shares of Advantage Solutions during the fourth quarter worth $30,000. Y Intercept Hong Kong Ltd bought a new position in Advantage Solutions during the third quarter worth about $54,000. Paloma Partners Management Co acquired a new stake in Advantage Solutions in the 3rd quarter worth about $77,000. Creative Planning acquired a new stake in Advantage Solutions in the 3rd quarter worth about $82,000. Finally, Intech Investment Management LLC bought a new stake in Advantage Solutions in the 3rd quarter valued at about $99,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Stock Down 2.1 %

Shares of ADV opened at $2.30 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a 12 month low of $2.22 and a 12 month high of $4.95. The firm’s 50 day moving average is $2.65 and its 200-day moving average is $3.16. The stock has a market capitalization of $737.73 million, a PE ratio of -5.61 and a beta of 1.54.

Advantage Solutions 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.