Advantage Solutions Inc. (NASDAQ:ADV) Director Acquires $19,954.11 in Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 16,491 shares of Advantage Solutions stock in a transaction that occurred on Monday, June 2nd. The stock was bought at an average price of $1.21 per share, with a total value of $19,954.11. Following the purchase, the director now directly owns 1,319,217 shares of the company's stock, valued at approximately $1,596,252.57. This trade represents a 1.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Advantage Solutions Trading Up 6.1%

NASDAQ ADV traded up $0.08 during trading hours on Friday, hitting $1.30. 261,706 shares of the company's stock were exchanged, compared to its average volume of 653,786. The business's 50 day moving average is $1.26 and its 200-day moving average is $2.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions Inc. has a 12-month low of $1.04 and a 12-month high of $4.16. The firm has a market capitalization of $419.98 million, a P/E ratio of -3.16 and a beta of 2.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADV. Dimensional Fund Advisors LP lifted its position in Advantage Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after acquiring an additional 479,348 shares in the last quarter. CastleKnight Management LP increased its stake in Advantage Solutions by 61.7% during the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after buying an additional 1,496,994 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Advantage Solutions by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company's stock worth $9,201,000 after buying an additional 53,105 shares in the last quarter. Empowered Funds LLC boosted its position in Advantage Solutions by 4.0% in the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock valued at $2,671,000 after buying an additional 68,177 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. boosted its position in Advantage Solutions by 13.5% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company's stock valued at $2,191,000 after buying an additional 173,000 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Canaccord Genuity Group lowered their target price on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley set a $2.00 price target on Advantage Solutions in a report on Wednesday, May 14th.

About Advantage Solutions

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.