Advantage Solutions Inc. (NASDAQ:ADV) Director Buys $15,933.00 in 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 that occurred on Friday, May 23rd. The shares were bought at an average cost of $1.13 per share, for a total transaction of $15,933.00. Following the transaction, the director now owns 1,094,044 shares of the company's stock, valued at $1,236,269.72. This represents a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Advantage Solutions Stock Down 2.4%

NASDAQ ADV traded down $0.03 during trading on Friday, hitting $1.21. The company's stock had a trading volume of 1,975,064 shares, compared to its average volume of 660,547. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $392.42 million, a PE ratio of -2.95 and a beta of 2.10. The business's 50 day simple moving average is $1.29 and its 200-day simple moving average is $2.24. Advantage Solutions Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.16.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors have recently added to or reduced their stakes in ADV. CastleKnight Management LP raised its stake in shares of Advantage Solutions by 61.7% in the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after purchasing an additional 1,496,994 shares during the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of Advantage Solutions in the fourth quarter worth about $2,599,000. Dimensional Fund Advisors LP raised its stake in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after purchasing an additional 479,348 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Advantage Solutions by 63.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company's stock worth $1,583,000 after purchasing an additional 408,802 shares during the last quarter. Finally, Millennium Management LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Analysts Set New Price Targets

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

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.