Aristeia Capital L.L.C. Takes Position in Advantage Solutions Inc. (NASDAQ:ADV)

Aristeia Capital L.L.C. purchased a new position in Advantage Solutions Inc. (NASDAQ:ADV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,931 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Advantage Solutions during the 4th quarter valued at $51,000. Dynamic Technology Lab Private Ltd purchased a new position in Advantage Solutions during the 4th quarter valued at about $57,000. Contrarian Capital Management L.L.C. boosted its stake in Advantage Solutions by 2.0% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 1,269,631 shares of the company’s stock worth $4,596,000 after acquiring an additional 25,000 shares in the last quarter. BlackBarn Capital Partners LP purchased a new stake in Advantage Solutions in the fourth quarter worth about $2,956,000. Finally, Atairos Partners GP Inc. grew its holdings in Advantage Solutions by 114.7% in the fourth quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after purchasing an additional 2,272,428 shares during the period. Institutional investors own 49.82% of the company’s stock.

Insider Transactions at Advantage Solutions

In other news, CEO David A. Peacock purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 directly owns 2,335,396 shares in the company, valued at approximately $7,940,346.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is owned by insiders.

Advantage Solutions Price Performance

ADV stock opened at $3.70 on Wednesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a 50 day moving average price of $3.75 and a 200-day moving average price of $3.75. Advantage Solutions Inc. has a 52-week low of $1.85 and a 52-week high of $4.95. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -52.86 and a beta of 1.48.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share 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 company had revenue of $873.36 million for the quarter, compared to the consensus estimate of $909.64 million. Equities research analysts forecast that Advantage Solutions Inc. will post 0.39 EPS for the current fiscal year.

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.