Advantage Solutions Inc. (NASDAQ:ADV) Sees Significant Decrease in Short Interest

Advantage Solutions Inc. (NASDAQ:ADV) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 7,420,000 shares, a decrease of 7.4% from the November 30th total of 8,010,000 shares. Based on an average daily trading volume, of 466,600 shares, the short-interest ratio is currently 15.9 days. Approximately 8.4% of the company’s stock are sold short.

Advantage Solutions Trading Up 0.3 %

ADV opened at $2.92 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions has a 52 week low of $2.70 and a 52 week high of $4.95. The business’s 50 day moving average is $3.31 and its two-hundred day moving average is $3.44. The firm has a market cap of $936.60 million, a price-to-earnings ratio of -7.12 and a beta of 1.51.

Insider Activity

In other news, CEO David A. Peacock bought 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $3.30 per share, with a total value of $54,888.90. Following the acquisition, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds have recently modified their holdings of the business. Atairos Partners GP Inc. boosted its stake in Advantage Solutions by 121.0% during the 2nd quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company’s stock worth $35,374,000 after purchasing an additional 6,014,317 shares during the period. CVC Management Holdings II Ltd. increased its holdings in shares of Advantage Solutions by 1.1% in the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock valued at $262,785,000 after purchasing an additional 902,415 shares during the period. Empowered Funds LLC raised its stake in shares of Advantage Solutions by 13.9% during the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock worth $5,549,000 after purchasing an additional 197,534 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Advantage Solutions by 68.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after purchasing an additional 1,388,198 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Advantage Solutions by 23.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock worth $669,000 after purchasing an additional 36,547 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.