Algert Global LLC Takes $36,000 Position in Advantage Solutions Inc. (NASDAQ:ADV)

Algert Global LLC acquired a new position in shares of Advantage Solutions Inc. (NASDAQ:ADV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,286 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds have also recently added to or reduced their stakes in ADV. Acadian Asset Management LLC acquired a new position in Advantage Solutions during the 1st quarter valued at $29,000. Allspring Global Investments Holdings LLC acquired a new position in Advantage Solutions during the 2nd quarter valued at $31,000. Quadrature Capital Ltd acquired a new position in Advantage Solutions during the 4th quarter valued at $55,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after purchasing an additional 8,256 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Advantage Solutions during the 1st quarter valued at $97,000. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Price Performance

NASDAQ:ADV opened at $3.16 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -9.03 and a beta of 1.47. Advantage Solutions Inc. has a one year low of $1.85 and a one year high of $4.95. The company has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.12 and a quick ratio of 2.12.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. The business had revenue of $873.36 million during the quarter, compared to analyst estimates of $909.64 million. Analysts anticipate that Advantage Solutions Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In other Advantage Solutions news, CEO David A. Peacock acquired 15,000 shares of the company’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 filing with the SEC, which is available through this link. Corporate insiders own 6.20% of the company’s stock.

About Advantage Solutions

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.