Forum Financial Management LP Makes New Investment in Advantage Solutions Inc. (NASDAQ:ADV)

Forum Financial Management LP purchased a new stake in Advantage Solutions Inc. (NASDAQ:ADV) during the fourth quarter, Holdings Channel.com reports. The firm purchased 11,527 shares of the company’s stock, valued at approximately $34,000.

Several other large investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc purchased a new position in Advantage Solutions in the fourth quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Advantage Solutions during the 4th quarter worth approximately $33,000. KLP Kapitalforvaltning AS bought a new position in shares of Advantage Solutions during the 4th quarter worth approximately $48,000. a16z Perennial Management L.P. purchased a new stake in Advantage Solutions during the fourth quarter valued at approximately $55,000. Finally, Intech Investment Management LLC grew its holdings in Advantage Solutions by 61.5% in the fourth quarter. Intech Investment Management LLC now owns 46,594 shares of the company’s stock worth $136,000 after purchasing an additional 17,735 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Stock Performance

ADV opened at $1.31 on Thursday. The company has a market cap of $421.05 million, a P/E ratio of -3.20 and a beta of 1.95. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The firm’s 50-day moving average price is $1.75 and its 200-day moving average price is $2.60. Advantage Solutions Inc. has a 52-week low of $1.11 and a 52-week high of $4.82.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 11th.

Advantage Solutions 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.