Shares of Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) were up 7.6% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $3.58 and last traded at $3.55. Approximately 75,422 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 785,639 shares. The stock had previously closed at $3.30.
Specifically, CEO David A. Peacock acquired 16,633 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $3.30 per share, with a total value of $54,888.90. Following the purchase, the chief executive officer now directly owns 2,352,029 shares of the company's stock, valued at approximately $7,761,695.70. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Advantage Solutions Trading Down 0.5 %
The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82. The stock has a 50-day simple moving average of $3.40 and a 200 day simple moving average of $3.50.
Institutional Investors Weigh In On Advantage Solutions
Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in Advantage Solutions during the first quarter worth about $29,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Advantage Solutions during the 2nd quarter worth approximately $31,000. Algert Global LLC acquired a new position in shares of Advantage Solutions during the 2nd quarter worth approximately $36,000. Innealta Capital LLC purchased a new stake in Advantage Solutions in the 1st quarter valued at approximately $97,000. Finally, Creative Planning acquired a new stake in Advantage Solutions during the 3rd quarter valued at $82,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
About Advantage Solutions
(
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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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