Advantage Solutions (NASDAQ:ADV) Shares Gap Down – What’s Next?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) gapped down before the market opened on Monday . The stock had previously closed at $2.84, but opened at $2.78. Advantage Solutions shares last traded at $2.85, with a volume of 24,972 shares changing hands.

Advantage Solutions Trading Down 2.8 %

The firm’s 50 day simple moving average is $3.29 and its 200-day simple moving average is $3.44. The company has a market capitalization of $885.28 million, a PE ratio of -6.73 and a beta of 1.55. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Insider Activity

In other Advantage Solutions news, CEO David A. Peacock bought 16,633 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $3.30 per share, with a total value of $54,888.90. Following the purchase, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 ADV. Allspring Global Investments Holdings LLC purchased a new stake in Advantage Solutions during the 2nd quarter worth $31,000. Algert Global LLC purchased a new stake in Advantage Solutions during the 2nd quarter worth $36,000. Y Intercept Hong Kong Ltd purchased a new stake in Advantage Solutions during the 3rd quarter worth $54,000. Paloma Partners Management Co purchased a new stake in Advantage Solutions during the 3rd quarter worth $77,000. Finally, Creative Planning purchased a new stake in Advantage Solutions during the 3rd quarter worth $82,000. Hedge funds and other 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.