Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 8,390,000 shares, a growth of 13.1% from the December 15th total of 7,420,000 shares. Approximately 9.5% of the shares of the company are sold short. Based on an average daily volume of 417,200 shares, the short-interest ratio is currently 20.1 days.
In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the business's stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now owns 2,352,029 shares of the company's stock, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of ADV. Oppenheimer Asset Management Inc. boosted its holdings in shares of Advantage Solutions by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company's stock valued at $112,000 after purchasing an additional 6,449 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Advantage Solutions by 14.8% during the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company's stock valued at $189,000 after purchasing an additional 7,114 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Advantage Solutions by 22.5% during the 4th quarter. SG Americas Securities LLC now owns 48,178 shares of the company's stock valued at $141,000 after purchasing an additional 8,849 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Advantage Solutions by 22.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company's stock valued at $179,000 after purchasing an additional 10,025 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Advantage Solutions during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 49.82% of the company's stock.
Shares of ADV stock opened at $2.52 on Friday. Advantage Solutions has a 52-week low of $2.22 and a 52-week high of $4.95. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $808.30 million, a PE ratio of -6.15 and a beta of 1.55. The stock has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $3.40.
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.
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