Empowered Funds LLC Purchases 197,534 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Empowered Funds LLC lifted its position in Advantage Solutions Inc. (NASDAQ:ADV) by 13.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,617,758 shares of the company’s stock after purchasing an additional 197,534 shares during the quarter. Empowered Funds LLC’s holdings in Advantage Solutions were worth $5,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in Advantage Solutions in the 1st quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of Advantage Solutions during the second quarter valued at approximately $31,000. Algert Global LLC purchased a new stake in Advantage Solutions in the second quarter worth $36,000. Creative Planning bought a new stake in Advantage Solutions in the third quarter valued at $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Advantage Solutions Stock Down 4.3 %

Shares of NASDAQ ADV opened at $3.10 on Monday. The firm has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.47. Advantage Solutions Inc. has a 12 month low of $2.36 and a 12 month high of $4.95. The company has a current ratio of 1.90, a quick ratio of 2.12 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $993.67 million, a PE ratio of -7.56 and a beta of 1.48.

Insider Activity at Advantage Solutions

In other news, CEO David A. Peacock purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average cost of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,335,396 shares of the company’s stock, valued at $7,940,346.40. This trade represents a 0.65 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is owned by corporate insiders.

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.