Creative Planning Makes New $82,000 Investment in Advantage Solutions Inc. (NASDAQ:ADV)

Creative Planning bought a new stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,812 shares of the company’s stock, valued at approximately $82,000.

Several other hedge funds have also made changes to their positions in ADV. Acadian Asset Management LLC acquired a new stake in Advantage Solutions in the first quarter worth $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of Advantage Solutions during the second quarter worth about $31,000. Algert Global LLC acquired a new position in Advantage Solutions during the 2nd quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Advantage Solutions by 46.1% in the 2nd 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 last quarter. Finally, Innealta Capital LLC bought a new position in Advantage Solutions in the 1st quarter worth about $97,000. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Stock Performance

ADV opened at $3.30 on Wednesday. Advantage Solutions Inc. has a twelve month low of $1.99 and a twelve month high of $4.95. The stock has a market cap of $1.06 billion, a PE ratio of -7.90 and a beta of 1.48. The business’s 50 day moving average is $3.40 and its 200-day moving average is $3.51. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 15,000 shares of Advantage Solutions stock in a transaction on 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 transaction, the chief executive officer now owns 2,335,396 shares of the company’s stock, valued at $7,940,346.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.20% of the stock is owned by company insiders.

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.