Advantage Solutions (NASDAQ:ADV) Shares Gap Down to $3.61

Advantage Solutions Inc. (NASDAQ:ADV)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.61, but opened at $2.95. Advantage Solutions shares last traded at $3.68, with a volume of 100,606 shares trading hands.

Advantage Solutions Trading Down 0.8 %

The firm has a market capitalization of $1.15 billion, a P/E ratio of -51.57 and a beta of 1.48. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $3.37 and its 200-day simple moving average is $3.79.

Advantage Solutions (NASDAQ:ADV) last issued its earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $879.00 million during the quarter, compared to analysts’ expectations of $893.04 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. Analysts anticipate that Advantage Solutions Inc. will post 0.41 EPS for the current year.

Insider Buying and Selling at Advantage Solutions

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

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Advantage Solutions by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,371,726 shares of the company’s stock valued at $36,250,000 after buying an additional 99,133 shares in the last quarter. Atairos Partners GP Inc. boosted its position in shares of Advantage Solutions by 16.9% during the 1st quarter. Atairos Partners GP Inc. now owns 4,971,442 shares of the company’s stock valued at $21,526,000 after acquiring an additional 717,714 shares during the last quarter. Contrarian Capital Management L.L.C. boosted its position in shares of Advantage Solutions by 2.0% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 1,269,631 shares of the company’s stock valued at $4,596,000 after acquiring an additional 25,000 shares during the last quarter. Empowered Funds LLC boosted its position 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 valued at $5,274,000 after acquiring an additional 190,415 shares during the last quarter. Finally, BlackBarn Capital Partners LP bought a new position in shares of Advantage Solutions during the 4th quarter valued at approximately $2,956,000. 49.82% of the stock is 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.