Advantage Solutions (NASDAQ:ADV) Stock Price Down 6.8% – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price dropped 6.8% during mid-day trading on Monday . The company traded as low as $3.40 and last traded at $3.44. Approximately 154,422 shares traded hands during trading, a decline of 80% from the average daily volume of 786,756 shares. The stock had previously closed at $3.69.

Advantage Solutions Price Performance

The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average price of $3.40 and a 200 day moving average price of $3.50.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the transaction, the chief executive officer now directly owns 2,352,029 shares in the company, valued at $7,761,695.70. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David A. Peacock bought 15,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $3.40 per share, for a total transaction of $51,000.00. Following the purchase, the chief executive officer now owns 2,335,396 shares in the company, valued at $7,940,346.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Peacock purchased 16,633 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Advantage Solutions in the first quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC acquired a new position in Advantage Solutions in the 2nd quarter valued at $31,000. Algert Global LLC bought a new stake in shares of Advantage Solutions during the 2nd quarter valued at $36,000. Creative Planning acquired a new stake in shares of Advantage Solutions during the 3rd quarter worth $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock worth $84,000 after purchasing an additional 8,256 shares during the period. 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.