Advantage Solutions Inc. (NASDAQ:ADV) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,823 shares of the company’s stock after acquiring an additional 9,600 shares during the quarter. ProShare Advisors LLC’s holdings in Advantage Solutions were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $30,000. Humankind Investments LLC purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $33,000. Forum Financial Management LP purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Stock Up 17.4%

Shares of NASDAQ:ADV opened at $1.35 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $1.27 and a two-hundred day moving average of $2.21. The stock has a market cap of $437.82 million, a P/E ratio of -3.29 and a beta of 2.10. Advantage Solutions Inc. has a 52-week low of $1.04 and a 52-week high of $4.16.

Insider Buying and Selling at Advantage Solutions

In other news, Director James M. Kilts bought 24,224 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $1.22 per share, with a total value of $29,553.28. Following the purchase, the director now owns 1,044,109 shares in the company, valued at approximately $1,273,812.98. The trade was a 2.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 105,877 shares of company stock worth $129,016 in the last three months. 6.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on ADV. Morgan Stanley set a $2.00 price objective on Advantage Solutions in a research report on Wednesday, May 14th. Canaccord Genuity Group cut their price objective on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating for the company in a research report on Tuesday, May 13th.

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.