Advantage Solutions Inc. (NASDAQ:ADV) Sees Large Increase in Short Interest

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 8,150,000 shares, a growth of 7.4% from the July 15th total of 7,590,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 7.0 days. Approximately 34.8% of the company’s stock are short sold.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock bought 40,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was bought at an average cost of $2.79 per share, with a total value of $111,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,320,396 shares of the company’s stock, valued at approximately $6,473,904.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADV. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Advantage Solutions by 42.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,924 shares of the company’s stock valued at $137,000 after purchasing an additional 11,209 shares during the period. New York State Common Retirement Fund boosted its position in shares of Advantage Solutions by 323.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,931 shares of the company’s stock valued at $134,000 after acquiring an additional 28,211 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Advantage Solutions in the fourth quarter worth $51,000. Los Angeles Capital Management LLC increased its position in Advantage Solutions by 20.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 128,980 shares of the company’s stock worth $467,000 after acquiring an additional 21,650 shares during the period. Finally, LSV Asset Management acquired a new position in Advantage Solutions during the 4th quarter valued at $718,000. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Stock Down 0.3 %

Shares of Advantage Solutions stock opened at $3.59 on Monday. Advantage Solutions has a 12-month low of $1.85 and a 12-month high of $4.95. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $3.44 and a two-hundred day moving average price of $3.77. The stock has a market capitalization of $1.16 billion, a P/E ratio of -51.29 and a beta of 1.48.

About Advantage Solutions

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.