Barclays PLC Purchases 126,375 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Barclays PLC increased its position in Advantage Solutions Inc. (NASDAQ:ADV) by 318.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,024 shares of the company’s stock after acquiring an additional 126,375 shares during the period. Barclays PLC owned about 0.05% of Advantage Solutions worth $570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADV. Allspring Global Investments Holdings LLC purchased a new stake in shares of Advantage Solutions during the 2nd quarter valued at about $31,000. Algert Global LLC bought a new position in Advantage Solutions during the second quarter valued at approximately $36,000. Y Intercept Hong Kong Ltd purchased a new stake in Advantage Solutions in the third quarter worth approximately $54,000. Paloma Partners Management Co bought a new stake in Advantage Solutions in the 3rd quarter worth approximately $77,000. Finally, Creative Planning purchased a new stake in Advantage Solutions during the 3rd quarter valued at $82,000. 49.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $3.30 per share, with a total value of $54,888.90. Following the transaction, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.20% of the company’s stock.

Advantage Solutions Stock Performance

ADV stock opened at $2.92 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. Advantage Solutions Inc. has a 1 year low of $2.70 and a 1 year high of $4.95. The company has a market cap of $936.60 million, a P/E ratio of -7.12 and a beta of 1.51. The stock’s fifty day moving average price is $3.31 and its 200-day moving average price is $3.44.

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.