Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) Director Brian K. Ratzan purchased 100,000 shares of the stock in a transaction dated Friday, September 16th. The shares were bought at an average cost of $2.47 per share, for a total transaction of $247,000.00. Following the completion of the purchase, the director now owns 152,269 shares in the company, valued at $376,104.43. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Advantage Solutions Price Performance
Shares of NASDAQ ADV opened at $2.50 on Friday. The stock has a market cap of $796.02 million, a price-to-earnings ratio of 11.36 and a beta of 0.86. Advantage Solutions Inc. has a 52 week low of $2.39 and a 52 week high of $9.49. The company’s 50-day moving average price is $3.79 and its 200 day moving average price is $4.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.78.
Advantage Solutions (NASDAQ:ADV – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $981.08 million for the quarter, compared to analysts’ expectations of $992.97 million. Advantage Solutions had a net margin of 1.84% and a return on equity of 6.69%. During the same period in the prior year, the company earned $0.11 EPS. As a group, research analysts forecast that Advantage Solutions Inc. will post 0.71 earnings per share for the current fiscal year.
Analyst Ratings Changes
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Advantage Solutions during the 2nd quarter worth about $2,602,000. Millennium Management LLC purchased a new position in shares of Advantage Solutions during the 2nd quarter worth about $1,015,000. Clearbridge Investments LLC lifted its holdings in shares of Advantage Solutions by 11.0% during the 2nd quarter. Clearbridge Investments LLC now owns 2,539,065 shares of the company’s stock worth $9,648,000 after acquiring an additional 251,742 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Advantage Solutions by 134.1% during the 2nd quarter. Prudential Financial Inc. now owns 290,815 shares of the company’s stock worth $1,105,000 after acquiring an additional 166,600 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Advantage Solutions by 112.2% during the 4th quarter. Bank of America Corp DE now owns 285,005 shares of the company’s stock worth $2,286,000 after acquiring an additional 150,680 shares during the period. 26.80% of the stock is currently owned by hedge funds and other institutional investors.
About Advantage Solutions
Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.
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