James M. Kilts Buys 26,523 Shares of Advantage Solutions Inc. (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts bought 26,523 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $1.21 per share, for a total transaction of $32,092.83. Following the completion of the purchase, the director now directly owns 1,120,567 shares in the company, valued at approximately $1,355,886.07. This trade represents a 2.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Advantage Solutions Trading Down 2.4%

Shares of Advantage Solutions stock traded down $0.03 on Friday, hitting $1.21. The stock had a trading volume of 1,975,064 shares, compared to its average volume of 660,547. 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 one year low of $1.04 and a one year high of $4.16. The stock has a market cap of $392.42 million, a price-to-earnings ratio of -2.95 and a beta of 2.10. The stock's 50-day simple moving average is $1.29 and its two-hundred day simple moving average is $2.24.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADV shares. Morgan Stanley set a $2.00 price objective on Advantage Solutions in a research note on Wednesday, May 14th. Canaccord Genuity Group cut their target price on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Advantage Solutions by 22.5% in the fourth quarter. SG Americas Securities LLC now owns 48,178 shares of the company's stock valued at $141,000 after acquiring an additional 8,849 shares in the last quarter. Empowered Funds LLC boosted its holdings in Advantage Solutions by 5.1% in the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock valued at $4,967,000 after acquiring an additional 83,105 shares in the last quarter. a16z Perennial Management L.P. bought a new stake in Advantage Solutions in the fourth quarter valued at $55,000. Rhumbline Advisers boosted its holdings in Advantage Solutions by 6.5% in the fourth quarter. Rhumbline Advisers now owns 162,734 shares of the company's stock valued at $475,000 after acquiring an additional 9,980 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Advantage Solutions by 7.9% in the fourth quarter. Principal Financial Group Inc. now owns 59,558 shares of the company's stock valued at $174,000 after acquiring an additional 4,351 shares in the last quarter. Institutional investors own 49.82% of the company's stock.

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.