Empowered Funds LLC boosted its holdings in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,617,758 shares of the company's stock after acquiring an additional 197,534 shares during the quarter. Empowered Funds LLC owned about 0.50% of Advantage Solutions worth $5,549,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of ADV. Acadian Asset Management LLC acquired a new stake in Advantage Solutions in the first quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new stake in Advantage Solutions in the second quarter valued at $31,000. Algert Global LLC acquired a new stake in Advantage Solutions in the second quarter valued at $36,000. Creative Planning acquired a new stake in Advantage Solutions in the third quarter valued at $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company's stock valued at $84,000 after purchasing an additional 8,256 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.
Advantage Solutions Price Performance
Shares of ADV traded up $0.12 during trading hours on Monday, reaching $3.22. 383,677 shares of the company traded hands, compared to its average volume of 788,235. The company has a quick ratio of 2.12, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $1.03 billion, a PE ratio of -7.56 and a beta of 1.48. Advantage Solutions Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $4.95. The stock has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.47.
Insider Activity at Advantage Solutions
In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the firm's stock in a transaction on Monday, November 11th. The shares were 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 owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.20% of the company's stock.
About Advantage Solutions
(
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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