James M. Kilts Acquires 15,755 Shares of Advantage Solutions Inc. (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts bought 15,755 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $1.24 per share, for a total transaction of $19,536.20. Following the transaction, the director now directly owns 1,363,780 shares of the company's stock, valued at $1,691,087.20. The trade was a 1.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advantage Solutions Stock Performance

Advantage Solutions stock traded up $0.08 during midday trading on Friday, hitting $1.30. The company's stock had a trading volume of 431,134 shares, compared to its average volume of 654,447. 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 $421.61 million, a price-to-earnings ratio of -3.17 and a beta of 2.02. Advantage Solutions Inc. has a 1-year low of $1.04 and a 1-year high of $4.16. The company has a 50-day moving average price of $1.26 and a two-hundred day moving average price of $2.19.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ADV shares. Canaccord Genuity Group reduced their price target 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. Morgan Stanley set a $2.00 target price on Advantage Solutions in a report on Wednesday, May 14th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Inspire Investing LLC grew its position in Advantage Solutions by 68.0% during the first quarter. Inspire Investing LLC now owns 231,825 shares of the company's stock worth $350,000 after buying an additional 93,794 shares in the last quarter. Strs Ohio bought a new stake in shares of Advantage Solutions during the 1st quarter valued at $117,000. Empowered Funds LLC grew its holdings in shares of Advantage Solutions by 4.0% during the 1st 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 in the last quarter. Contrarian Capital Management L.L.C. increased its position in shares of 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 during the period. Finally, Hsbc Holdings PLC raised its stake in Advantage Solutions by 15.3% in the first quarter. Hsbc Holdings PLC now owns 110,132 shares of the company's stock valued at $166,000 after purchasing an additional 14,606 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

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.

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