Advantage Solutions (NASDAQ:ADV) Trading Down 3.4% – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price traded down 3.4% on Thursday . The stock traded as low as $2.81 and last traded at $2.82. 83,233 shares traded hands during trading, a decline of 89% from the average session volume of 737,751 shares. The stock had previously closed at $2.92.

Advantage Solutions Stock Down 6.5 %

The company has a market cap of $875.66 million, a price-to-earnings ratio of -6.66 and a beta of 1.51. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average price is $3.30 and its 200-day moving average price is $3.44.

Insiders Place Their Bets

In other news, CEO David A. Peacock acquired 16,633 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the transaction, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Advantage Solutions by 116.8% in the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after buying an additional 174,220 shares during the period. Principal Financial Group Inc. increased its stake in shares of Advantage Solutions by 14.8% during the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock worth $189,000 after purchasing an additional 7,114 shares during the last quarter. Barclays PLC raised its stake in shares of Advantage Solutions by 318.7% in the third quarter. Barclays PLC now owns 166,024 shares of the company’s stock valued at $570,000 after buying an additional 126,375 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Advantage Solutions during the third quarter valued at about $54,000. Finally, XTX Topco Ltd bought a new position in Advantage Solutions in the 3rd quarter worth approximately $214,000. Institutional investors own 49.82% of the company’s stock.

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.