Shares of Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) traded down 3.4% on Thursday . The company traded as low as $2.81 and last traded at $2.82. 83,233 shares were traded during trading, a decline of 89% from the average session volume of 737,751 shares. The stock had previously closed at $2.92.
Advantage Solutions Stock Down 3.8 %
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 firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.44. The firm has a market cap of $901.32 million, a price-to-earnings ratio of -6.85 and a beta of 1.51.
Insider Transactions at Advantage Solutions
In other news, CEO David A. Peacock bought 16,633 shares of the stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Advantage Solutions in the second quarter valued at approximately $31,000. Algert Global LLC bought a new position in Advantage Solutions during the 2nd quarter worth $36,000. Y Intercept Hong Kong Ltd acquired a new position in Advantage Solutions in the 3rd quarter valued at $54,000. Paloma Partners Management Co bought a new stake in shares of Advantage Solutions during the 3rd quarter valued at $77,000. Finally, Creative Planning acquired a new stake in shares of Advantage Solutions during the 3rd quarter worth $82,000. 49.82% of the stock is owned by institutional investors and hedge funds.
Advantage Solutions Company Profile
(
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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