Intech Investment Management LLC Invests $99,000 in Advantage Solutions Inc. (NASDAQ:ADV)

Intech Investment Management LLC purchased a new position in shares of Advantage Solutions Inc. (NASDAQ:ADV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,859 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Advantage Solutions during the second quarter worth $31,000. Algert Global LLC acquired a new position in shares of Advantage Solutions during the second quarter worth $36,000. Creative Planning acquired a new position in shares of Advantage Solutions during the third quarter worth $82,000. Price T Rowe Associates Inc. MD increased its holdings in Advantage Solutions by 22.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock valued at $109,000 after purchasing an additional 4,584 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Advantage Solutions by 46.1% in the second 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 period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Stock Performance

NASDAQ ADV opened at $3.52 on Friday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -8.59 and a beta of 1.51. Advantage Solutions Inc. has a twelve month low of $2.70 and a twelve month high of $4.95. The stock has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $3.44. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Insider Activity at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased 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 owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by company insiders.

Advantage Solutions 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.