Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $2.64 and last traded at $2.65, with a volume of 283862 shares. The stock had previously closed at $2.84.
Advantage Solutions Stock Performance
The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The stock's 50-day simple moving average is $3.27 and its two-hundred day simple moving average is $3.44. The stock has a market cap of $853.21 million, a price-to-earnings ratio of -6.49 and a beta of 1.55.
Insider Activity at Advantage Solutions
In related news, CEO David A. Peacock acquired 16,633 shares of the 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 purchase, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Advantage Solutions
Institutional investors have recently added to or reduced their stakes in the company. Atairos Partners GP Inc. lifted its holdings in Advantage Solutions by 121.0% during the 2nd quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company's stock worth $35,374,000 after buying an additional 6,014,317 shares in the last quarter. CVC Management Holdings II Ltd. lifted its stake in shares of Advantage Solutions by 1.1% during the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company's stock valued at $262,785,000 after acquiring an additional 902,415 shares during the period. Empowered Funds LLC boosted its holdings in Advantage Solutions by 13.9% in the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company's stock valued at $5,549,000 after acquiring an additional 197,534 shares during the last quarter. Barclays PLC increased its position in Advantage Solutions by 318.7% in the third quarter. Barclays PLC now owns 166,024 shares of the company's stock worth $570,000 after purchasing an additional 126,375 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Advantage Solutions by 68.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company's stock worth $10,971,000 after purchasing an additional 1,388,198 shares during the last quarter. 49.82% of the stock is owned by institutional investors.
About Advantage Solutions
(
Get Free Report)
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.
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