Advantage Solutions Inc. (NASDAQ:ADV) Sees Significant Growth in Short Interest

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 8,390,000 shares, a growth of 13.1% from the December 31st total of 7,420,000 shares. Based on an average daily trading volume, of 417,200 shares, the days-to-cover ratio is presently 20.1 days. Currently, 9.5% of the company's stock are sold short.

Advantage Solutions Stock Performance

ADV stock traded up $0.04 on Tuesday, reaching $2.66. The company's stock had a trading volume of 81,224 shares, compared to its average volume of 414,402. The firm has a fifty day moving average of $2.98 and a two-hundred day moving average of $3.33. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $851.59 million, a P/E ratio of -6.45 and a beta of 1.54. Advantage Solutions has a 52 week low of $2.22 and a 52 week high of $4.95.

Advantage Solutions (NASDAQ:ADV - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. The company had revenue of $939.27 million for the quarter, compared to analyst estimates of $935.21 million. During the same period in the previous year, the business posted ($0.07) EPS. As a group, analysts predict that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. This represents a 0.71 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ADV. Dimensional Fund Advisors LP lifted its position in shares of Advantage Solutions by 68.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company's stock worth $10,971,000 after acquiring an additional 1,388,198 shares during the period. Empowered Funds LLC boosted its stake in Advantage Solutions by 13.9% during the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company's stock worth $5,549,000 after buying an additional 197,534 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company's stock valued at $1,109,000 after buying an additional 174,220 shares during the period. AQR Capital Management LLC raised its stake in shares of Advantage Solutions by 88.1% in the 2nd quarter. AQR Capital Management LLC now owns 333,534 shares of the company's stock valued at $1,074,000 after buying an additional 156,248 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Advantage Solutions by 29.1% during the 3rd quarter. Jane Street Group LLC now owns 604,588 shares of the company's stock worth $2,074,000 after acquiring an additional 136,276 shares during the period. Institutional investors and hedge funds own 49.82% of the company's stock.

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.