Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Down 7.4% in December

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 7,420,000 shares, a decline of 7.4% from the November 30th total of 8,010,000 shares. Based on an average daily trading volume, of 466,600 shares, the short-interest ratio is currently 15.9 days. Currently, 8.4% of the company's shares are sold short.

Insider Buying and Selling at Advantage Solutions

In other news, CEO David A. Peacock bought 16,633 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the acquisition, the chief executive officer now owns 2,352,029 shares of the company's stock, valued at $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in Advantage Solutions by 11.9% in 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Advantage Solutions by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company's stock worth $112,000 after purchasing an additional 6,449 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company's stock worth $84,000 after purchasing an additional 8,256 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Advantage Solutions in the second quarter valued at about $31,000. Finally, The Manufacturers Life Insurance Company grew its stake in Advantage Solutions by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company's stock valued at $179,000 after purchasing an additional 10,025 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Advantage Solutions Stock Down 2.0 %

NASDAQ:ADV traded down $0.06 during mid-day trading on Monday, reaching $2.91. The company's stock had a trading volume of 141,294 shares, compared to its average volume of 739,654. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions has a 1 year low of $2.70 and a 1 year high of $4.95. The stock has a fifty day moving average of $3.31 and a 200-day moving average of $3.44. The firm has a market capitalization of $933.39 million, a PE ratio of -7.10 and a beta of 1.51.

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.