Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Update

Advantage Solutions Inc. (NASDAQ:ADV) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 8,390,000 shares, an increase of 13.1% from the December 31st total of 7,420,000 shares. Based on an average trading volume of 417,200 shares, the short-interest ratio is presently 20.1 days. Approximately 9.5% of the shares of the company are short sold.

Advantage Solutions Price Performance

Shares of NASDAQ ADV opened at $2.64 on Monday. 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 stock has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $3.34. Advantage Solutions has a 12-month low of $2.22 and a 12-month high of $4.95.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.23). The company had revenue of $939.27 million during the quarter, compared to the consensus estimate of $935.21 million. Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. During the same period in the prior year, the company posted ($0.07) EPS. On average, equities analysts expect that Advantage Solutions will post -0.51 earnings per share for the current year.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 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, for a total transaction of $54,888.90. Following the completion of the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc acquired a new stake in Advantage Solutions during the 4th quarter valued at $30,000. Algert Global LLC acquired a new stake in Advantage Solutions during the 2nd quarter valued at $36,000. Y Intercept Hong Kong Ltd acquired a new stake in Advantage Solutions during the 3rd quarter valued at $54,000. a16z Perennial Management L.P. acquired a new stake in Advantage Solutions during the 4th quarter valued at $55,000. Finally, Paloma Partners Management Co acquired a new stake in Advantage Solutions during the 3rd quarter valued at $77,000. Institutional investors own 49.82% of the company’s stock.

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.