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

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

Advantage Solutions Trading Down 3.4%

Shares of NASDAQ:ADV traded down $0.04 during midday trading on Monday, reaching $1.15. The company's stock had a trading volume of 496,087 shares, compared to its average volume of 659,329. The firm has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $2.23. Advantage Solutions Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.16. The firm has a market capitalization of $372.96 million, a price-to-earnings ratio of -2.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Trading of Advantage Solutions

Several large investors have recently modified their holdings of the stock. CastleKnight Management LP boosted its stake in Advantage Solutions by 61.7% during the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after acquiring an additional 1,496,994 shares in the last quarter. Sovereign s Capital Management LLC bought a new position in shares of Advantage Solutions during the 4th quarter worth about $2,599,000. Dimensional Fund Advisors LP grew its stake 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 valued at $13,679,000 after buying an additional 479,348 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Advantage Solutions by 63.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company's stock valued at $1,583,000 after buying an additional 408,802 shares during the period. Finally, Millennium Management LLC increased its position in Advantage Solutions by 193.5% in the 4th quarter. Millennium Management LLC now owns 600,149 shares of the company's stock valued at $1,752,000 after buying an additional 395,651 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley set a $2.00 price objective on Advantage Solutions in a research note 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.

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.