Advantage Solutions (NASDAQ:ADV) Trading 7.6% Higher Following Insider Buying Activity

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price traded up 7.6% on Wednesday following insider buying activity. The company traded as high as $3.58 and last traded at $3.55. 75,422 shares traded hands during trading, a decline of 90% from the average session volume of 785,639 shares. The stock had previously closed at $3.30.

Specifically, CEO David A. Peacock bought 16,633 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the acquisition, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Advantage Solutions Trading Down 0.5 %

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

Hedge Funds Weigh In On Advantage Solutions

A number of large investors have recently modified their holdings of ADV. Intech Investment Management LLC purchased a new stake in Advantage Solutions in the 3rd quarter valued at $99,000. Empowered Funds LLC raised its position in 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 during the last quarter. Principal Financial Group Inc. raised its position in Advantage Solutions by 14.8% in the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock valued at $189,000 after buying an additional 7,114 shares during the last quarter. Creative Planning purchased a new stake in Advantage Solutions in the 3rd quarter valued at $82,000. Finally, Inspire Investing LLC purchased a new stake in Advantage Solutions in the 3rd quarter valued at $421,000. 49.82% of the stock is currently 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.