Advantage Solutions (NASDAQ:ADV) Trading Down 6.8% – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price dropped 6.8% during mid-day trading on Monday . The stock traded as low as $3.40 and last traded at $3.44. Approximately 154,422 shares changed hands during trading, a decline of 80% from the average daily volume of 786,756 shares. The stock had previously closed at $3.69.

Advantage Solutions Stock Down 7.3 %

The company has a debt-to-equity ratio of 1.82, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50-day moving average of $3.42 and a 200 day moving average of $3.51.

Insider Activity

In other news, CEO David A. Peacock purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,335,396 shares in the company, valued at $7,940,346.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ADV. Acadian Asset Management LLC bought a new stake in shares of Advantage Solutions in the 1st quarter worth approximately $29,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Advantage Solutions during the 2nd quarter valued at approximately $31,000. Algert Global LLC bought a new position in Advantage Solutions in the 2nd quarter worth approximately $36,000. Creative Planning purchased a new position in Advantage Solutions in the 3rd quarter valued at approximately $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.