Advantage Solutions (NASDAQ:ADV) Stock Price Down 12%

Advantage Solutions Inc. (NASDAQ:ADV) shares dropped 12% on Monday . The company traded as low as $3.28 and last traded at $3.29. Approximately 102,812 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 834,797 shares. The stock had previously closed at $3.74.

Advantage Solutions Price Performance

The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.82. The business’s 50-day moving average is $3.68 and its two-hundred day moving average is $3.76.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. The company had revenue of $873.36 million during the quarter, compared to analysts’ expectations of $909.64 million. As a group, sell-side analysts predict that Advantage Solutions Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 40,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were bought at an average cost of $2.79 per share, for a total transaction of $111,600.00. Following the completion of the purchase, the chief executive officer now owns 2,320,396 shares in the company, valued at approximately $6,473,904.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Algert Global LLC acquired a new position in Advantage Solutions in the second quarter valued at $36,000. The Manufacturers Life Insurance Company increased its stake in Advantage Solutions by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock valued at $179,000 after purchasing an additional 10,025 shares during the period. AQR Capital Management LLC increased its stake in Advantage Solutions by 88.1% in the second quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock valued at $1,074,000 after purchasing an additional 156,248 shares during the period. Atairos Partners GP Inc. increased its stake in Advantage Solutions by 121.0% in the second quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company’s stock valued at $35,374,000 after purchasing an additional 6,014,317 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Advantage Solutions during the second quarter worth about $283,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.