Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Up 13.1% in December

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 8,390,000 shares, a growth of 13.1% from the December 15th 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 company’s stock are sold short.

Advantage Solutions Stock Performance

ADV opened at $2.52 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. Advantage Solutions has a 12-month low of $2.22 and a 12-month high of $4.95. The company has a market cap of $808.29 million, a price-to-earnings ratio of -6.15 and a beta of 1.55. The company’s 50 day moving average is $3.13 and its 200 day moving average is $3.40.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $3.30 per share, with a total value of $54,888.90. Following the transaction, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. The trade was a 0.71 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of ADV. CVC Management Holdings II Ltd. increased its position in Advantage Solutions by 1.1% in the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock worth $262,785,000 after purchasing an additional 902,415 shares during the last quarter. Atairos Partners GP Inc. boosted its stake in shares of Advantage Solutions by 121.0% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Advantage Solutions by 68.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after acquiring an additional 1,388,198 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Advantage Solutions by 13.9% in the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock valued at $5,549,000 after buying an additional 197,534 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Advantage Solutions by 29.1% during the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock worth $2,074,000 after purchasing an additional 136,276 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

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.