Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Buys 16,491 Shares

Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts bought 16,491 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were acquired at an average cost of $1.21 per share, with a total value of $19,954.11. Following the acquisition, the director now directly owns 1,319,217 shares of the company’s stock, valued at approximately $1,596,252.57. This represents a 1.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advantage Solutions Stock Down 7.4%

Shares of NASDAQ ADV opened at $1.25 on Thursday. Advantage Solutions Inc. has a 12-month low of $1.04 and a 12-month high of $4.16. The stock has a market cap of $405.39 million, a P/E ratio of -3.05 and a beta of 2.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The business’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $2.20.

Analysts Set New Price Targets

ADV has been the subject of several recent research reports. Morgan Stanley set a $2.00 price target on Advantage Solutions in a report on Wednesday, May 14th. Canaccord Genuity Group decreased their price target on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research note on Tuesday, May 13th.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Advantage Solutions by 193.5% during the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company’s stock worth $1,752,000 after purchasing an additional 395,651 shares in the last quarter. Rhumbline Advisers grew its position in Advantage Solutions by 6.5% during the 4th quarter. Rhumbline Advisers now owns 162,734 shares of the company’s stock worth $475,000 after purchasing an additional 9,980 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Advantage Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after acquiring an additional 479,348 shares during the period. Deutsche Bank AG raised its stake in shares of Advantage Solutions by 44.8% during the fourth quarter. Deutsche Bank AG now owns 110,984 shares of the company’s stock worth $324,000 after purchasing an additional 34,362 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Advantage Solutions during the 4th quarter worth $48,000. Institutional investors and hedge funds 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.