Advantage Solutions (NASDAQ:ADV) Shares Up 4.6% - Here's Why

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shares rose 4.6% on Tuesday . The company traded as high as $2.68 and last traded at $2.78. Approximately 5,373 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 388,532 shares. The stock had previously closed at $2.66.

Advantage Solutions Stock Performance

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 stock's 50 day simple moving average is $2.85 and its two-hundred day simple moving average is $3.28. The stock has a market cap of $869.23 million, a P/E ratio of -6.61 and a beta of 1.54.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock valued at $13,679,000 after purchasing an additional 479,348 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $1,022,000. JPMorgan Chase & Co. raised its holdings in shares of Advantage Solutions by 62.5% in the fourth quarter. JPMorgan Chase & Co. now owns 525,482 shares of the company's stock valued at $1,534,000 after purchasing an additional 202,108 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of 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 purchasing an additional 197,534 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Advantage Solutions by 29.1% in the third quarter. Jane Street Group LLC now owns 604,588 shares of the company's stock valued at $2,074,000 after purchasing an additional 136,276 shares during the last quarter. Institutional investors own 49.82% of the company's stock.

About Advantage Solutions

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.