James M. Kilts Purchases 11,400 Shares of Advantage Solutions Inc. (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 11,400 shares of Advantage Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average cost of $1.28 per share, with a total value of $14,592.00. Following the completion of the acquisition, the director now owns 1,283,099 shares of the company's stock, valued at $1,642,366.72. The trade was a 0.90% increase in their position. The transaction was disclosed in a filing 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, hitting $1.25. The company's stock had a trading volume of 58,612 shares, compared to its average volume of 553,839. The stock's 50 day simple moving average is $1.27 and its 200 day simple moving average is $2.20. The stock has a market capitalization of $403.77 million, a price-to-earnings ratio of -3.06 and a beta of 2.02. 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 fifty-two week low of $1.04 and a fifty-two week high of $4.16.

Analyst Ratings Changes

ADV has been the subject of several recent research reports. Morgan Stanley set a $2.00 price target on Advantage Solutions in a report on Wednesday, May 14th. Canaccord Genuity Group dropped their price target on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.

Institutional Trading of Advantage Solutions

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Advantage Solutions by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 59,558 shares of the company's stock worth $174,000 after purchasing an additional 4,351 shares in the last quarter. Ancora Advisors LLC increased its holdings in Advantage Solutions by 0.6% during the fourth quarter. Ancora Advisors LLC now owns 829,872 shares of the company's stock worth $2,423,000 after buying an additional 5,030 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Advantage Solutions by 16.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company's stock worth $116,000 after buying an additional 5,498 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Advantage Solutions by 1.1% during the 4th quarter. Renaissance Technologies LLC now owns 648,500 shares of the company's stock worth $1,894,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Advantage Solutions by 1.0% during the 4th quarter. Prudential Financial Inc. now owns 732,675 shares of the company's stock worth $2,139,000 after purchasing an additional 7,400 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.