Advantage Solutions (NASDAQ:ADV) Shares Gap Down to $3.32

Advantage Solutions Inc. (NASDAQ:ADV – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.32, but opened at $3.24. Advantage Solutions shares last traded at $3.30, with a volume of 12,100 shares trading hands.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s 50 day moving average is $3.35 and its 200-day moving average is $3.79. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -47.71 and a beta of 1.48.

Advantage Solutions (NASDAQ:ADV – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.24). Advantage Solutions had a negative return on equity of 5.26% and a negative net margin of 0.36%. The business had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $893.04 million. During the same period in the previous year, the company earned ($0.15) EPS. Analysts forecast that Advantage Solutions Inc. will post 0.41 earnings per share for the current fiscal year.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock bought 40,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average price of $2.79 per share, with a total value of $111,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,320,396 shares of the company’s stock, valued at $6,473,904.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently modified their holdings of ADV. Atairos Partners GP Inc. raised its holdings in Advantage Solutions by 114.7% in the fourth quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock valued at $15,398,000 after acquiring an additional 2,272,428 shares in the last quarter. BlackBarn Capital Partners LP purchased a new position in shares of Advantage Solutions during the fourth quarter worth approximately $2,956,000. Vanguard Group Inc. grew its position in shares of Advantage Solutions by 2.6% during the third quarter. Vanguard Group Inc. now owns 8,228,477 shares of the company’s stock worth $23,369,000 after acquiring an additional 205,992 shares during the last quarter. LSV Asset Management purchased a new position in Advantage Solutions in the 4th quarter valued at $718,000. Finally, Empowered Funds LLC raised its stake in shares of Advantage Solutions by 18.5% during the 1st quarter. Empowered Funds LLC now owns 1,218,062 shares of the company’s stock worth $5,274,000 after buying an additional 190,415 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Company Profile

(Get Free Report)

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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