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

Advantage Solutions Inc. (NASDAQ:ADV) CEO David A. Peacock acquired 15,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,335,396 shares in the company, valued at $7,940,346.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Advantage Solutions Price Performance

ADV traded up $0.23 during trading hours on Tuesday, hitting $3.62. The company’s stock had a trading volume of 536,126 shares, compared to its average volume of 840,733. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -50.99 and a beta of 1.48. The business’s 50-day moving average price is $3.68 and its 200-day moving average price is $3.75. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82. Advantage Solutions Inc. has a 12 month low of $1.85 and a 12 month high of $4.95.

Advantage Solutions (NASDAQ:ADV) last posted its earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share 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 business had revenue of $873.36 million during the quarter, compared to the consensus estimate of $909.64 million. Sell-side analysts expect that Advantage Solutions Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. Price T Rowe Associates Inc. MD boosted its holdings in shares of Advantage Solutions by 22.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock worth $109,000 after purchasing an additional 4,584 shares during the period. Principal Financial Group Inc. boosted its stake in Advantage Solutions by 11.9% during the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after buying an additional 5,107 shares during the period. Oppenheimer Asset Management Inc. increased its position in Advantage Solutions by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock valued at $112,000 after acquiring an additional 6,449 shares during the last quarter. Acadian Asset Management LLC bought a new position in Advantage Solutions during the first quarter valued at $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.