Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Acquires 19,627 Shares

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts bought 19,627 shares of the company's stock in a transaction on Friday, May 30th. The shares were purchased at an average cost of $1.23 per share, for a total transaction of $24,141.21. Following the transaction, the director now owns 1,302,726 shares in the company, valued at approximately $1,602,352.98. This represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Advantage Solutions Stock Performance

Shares of NASDAQ:ADV traded down $0.01 during midday trading on Thursday, reaching $1.25. 58,612 shares of the company traded hands, compared to its average volume of 553,839. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. 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 $403.77 million, a price-to-earnings ratio of -3.06 and a beta of 2.02. The firm's fifty day moving average price is $1.27 and its two-hundred day moving average price is $2.20.

Analyst Ratings Changes

A number of research firms recently commented on ADV. Canaccord Genuity Group lowered their price target on shares of 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 target price on Advantage Solutions in a research note on Wednesday, May 14th.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of Advantage Solutions by 193.5% in the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company's stock worth $1,752,000 after purchasing an additional 395,651 shares during the period. Rhumbline Advisers increased its holdings in shares of Advantage Solutions by 6.5% in the 4th quarter. Rhumbline Advisers now owns 162,734 shares of the company's stock worth $475,000 after buying an additional 9,980 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Advantage Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after buying an additional 479,348 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Advantage Solutions by 44.8% in the 4th quarter. Deutsche Bank AG now owns 110,984 shares of the company's stock worth $324,000 after buying an additional 34,362 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Advantage Solutions in the fourth quarter valued at $48,000. 49.82% of the stock is currently owned by institutional investors.

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.