Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Up 13.1% in December

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,390,000 shares, an increase of 13.1% from the December 15th total of 7,420,000 shares. Currently, 9.5% of the shares of the company are short sold. Based on an average daily trading volume, of 417,200 shares, the days-to-cover ratio is currently 20.1 days.

Insiders Place Their Bets

In other news, CEO David A. Peacock acquired 16,633 shares of the business's stock in a transaction on Monday, November 11th. The stock was bought at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in ADV. Atairos Partners GP Inc. grew its stake in shares of 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 purchasing an additional 6,014,317 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 period. CVC Management Holdings II Ltd. grew its stake in Advantage Solutions by 1.1% in the 2nd 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 last quarter. Empowered Funds LLC grew its stake in Advantage Solutions by 13.9% in the 3rd 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. Finally, JPMorgan Chase & Co. grew its stake in Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company's stock valued at $1,109,000 after acquiring an additional 174,220 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Stock Performance

Advantage Solutions stock traded up $0.09 during trading hours on Friday, reaching $2.52. 466,120 shares of the stock were exchanged, compared to its average volume of 273,313. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions has a 52-week low of $2.22 and a 52-week high of $4.95. The stock has a market cap of $808.29 million, a P/E ratio of -6.15 and a beta of 1.55. The firm's 50 day moving average is $3.13 and its 200 day moving average is $3.40.

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.