Federated Hermes Inc. Sells 4,733 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Federated Hermes Inc. lessened its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 20.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,164 shares of the company’s stock after selling 4,733 shares during the quarter. Federated Hermes Inc.’s holdings in Advantage Solutions were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Advantage Solutions during the first quarter valued at about $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of Advantage Solutions during the 2nd quarter valued at approximately $31,000. Victory Capital Management Inc. purchased a new stake in shares of Advantage Solutions during the 4th quarter worth approximately $51,000. Quadrature Capital Ltd purchased a new position in Advantage Solutions in the fourth quarter valued at approximately $55,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Advantage Solutions during the fourth quarter valued at $57,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock bought 15,000 shares of the stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $3.40 per share, with a total value of $51,000.00. Following the acquisition, the chief executive officer now directly owns 2,335,396 shares of the company’s stock, valued at approximately $7,940,346.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.20% of the company’s stock.

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $3.54 on Thursday. Advantage Solutions Inc. has a 1 year low of $1.85 and a 1 year high of $4.95. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.12 and a quick ratio of 2.12. The business has a fifty day simple moving average of $3.75 and a two-hundred day simple moving average of $3.75. The company has a market capitalization of $1.13 billion, a P/E ratio of -50.56 and a beta of 1.48.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). The firm had revenue of $873.36 million during the quarter, compared to the consensus estimate of $909.64 million. Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. On average, analysts expect that Advantage Solutions Inc. will post 0.39 earnings per share for the current year.

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.