Advantage Solutions Inc. (NASDAQ:ADV) Shares Sold by Bailard Inc.

Bailard Inc. cut its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,000 shares of the company’s stock after selling 6,800 shares during the period. Bailard Inc.’s holdings in Advantage Solutions were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kent Lake Capital LLC grew its stake in shares of Advantage Solutions by 84.8% in the third quarter. Kent Lake Capital LLC now owns 1,600,000 shares of the company’s stock worth $4,544,000 after purchasing an additional 734,020 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in Advantage Solutions during the 3rd quarter valued at about $2,070,000. Ancora Advisors LLC lifted its stake in shares of Advantage Solutions by 546.4% in the 3rd quarter. Ancora Advisors LLC now owns 678,140 shares of the company’s stock worth $1,926,000 after acquiring an additional 573,230 shares during the period. Swiss National Bank acquired a new position in shares of Advantage Solutions during the third quarter valued at approximately $607,000. Finally, Vanguard Group Inc. lifted its position in Advantage Solutions by 2.6% in the third quarter. Vanguard Group Inc. now owns 8,228,477 shares of the company’s stock worth $23,369,000 after purchasing an additional 205,992 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TheStreet upgraded Advantage Solutions from a “d” rating to a “c-” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3.43.

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $4.51 on Monday. The company has a 50-day moving average of $4.14 and a 200-day moving average of $3.55. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -22.55 and a beta of 1.59. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.68. Advantage Solutions Inc. has a twelve month low of $1.13 and a twelve month high of $4.95.

Advantage Solutions (NASDAQ:ADV) last released its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. Advantage Solutions had a negative net margin of 1.35% and a negative return on equity of 4.51%. Analysts forecast that Advantage Solutions Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Jack Anthony Pestello bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $3.87 per share, for a total transaction of $38,700.00. Following the acquisition, the chief operating officer now directly owns 146,279 shares of the company’s stock, valued at approximately $566,099.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

Advantage Solutions Profile

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.