Advantage Solutions (NASDAQ:ADV) Trading Down 5.4%

Advantage Solutions Inc. (NASDAQ:ADV) fell 5.4% during trading on Monday . The stock traded as low as $3.32 and last traded at $3.32. 418,363 shares changed hands during trading, a decline of 50% from the average session volume of 835,363 shares. The stock had previously closed at $3.51.

Advantage Solutions Price Performance

The business has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $3.74. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -50.14 and a beta of 1.48.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). The business 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%. As a group, research analysts anticipate that Advantage Solutions Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling at Advantage Solutions

In related news, CEO David A. Peacock acquired 15,000 shares of the stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $3.40 per share, with a total value of $51,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,335,396 shares in the company, valued at approximately $7,940,346.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackBarn Capital Partners LP bought a new stake in Advantage Solutions during the fourth quarter worth $2,956,000. Atairos Partners GP Inc. lifted its holdings in Advantage Solutions by 114.7% during the fourth quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after acquiring an additional 2,272,428 shares during the period. Quadrature Capital Ltd bought a new stake in Advantage Solutions during the fourth quarter worth $55,000. Principal Financial Group Inc. boosted its stake in Advantage Solutions by 293.0% in the first quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock valued at $186,000 after acquiring an additional 32,049 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Advantage Solutions by 18.5% during the 1st quarter. Empowered Funds LLC now owns 1,218,062 shares of the company’s stock valued at $5,274,000 after acquiring an additional 190,415 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company 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.