Insider Buying: Advantage Solutions Inc. (NASDAQ:ADV) Director Acquires 14,100 Shares of Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 14,100 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $1.13 per share, with a total value of $15,933.00. Following the purchase, the director now owns 1,094,044 shares of the company's stock, valued at approximately $1,236,269.72. This trade represents a 1.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Advantage Solutions Trading Down 3.4%

Shares of ADV traded down $0.04 during trading hours on Monday, reaching $1.15. 496,087 shares of the company traded hands, compared to its average volume of 659,329. Advantage Solutions Inc. has a 12 month low of $1.04 and a 12 month high of $4.16. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The company's fifty day moving average price is $1.29 and its two-hundred day moving average price is $2.23. The company has a market capitalization of $372.96 million, a price-to-earnings ratio of -2.80 and a beta of 2.10.

Institutional Trading of Advantage Solutions

Several large investors have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Advantage Solutions in the 1st quarter valued at approximately $117,000. Empowered Funds LLC grew its stake in Advantage Solutions by 4.0% in the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock worth $2,671,000 after purchasing an additional 68,177 shares during the period. Contrarian Capital Management L.L.C. raised its holdings in Advantage Solutions by 13.5% in the first quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company's stock worth $2,191,000 after purchasing an additional 173,000 shares in the last quarter. Hsbc Holdings PLC lifted its position in Advantage Solutions by 15.3% during the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company's stock valued at $166,000 after buying an additional 14,606 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Advantage Solutions by 15.5% during the 1st quarter. American Century Companies Inc. now owns 165,077 shares of the company's stock valued at $249,000 after buying an additional 22,136 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ADV shares. Canaccord Genuity Group cut their price objective on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 target price 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.