Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Down 7.4% in December

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 7,420,000 shares, a decline of 7.4% from the November 30th total of 8,010,000 shares. Approximately 8.4% of the company’s stock are short sold. Based on an average trading volume of 466,600 shares, the short-interest ratio is currently 15.9 days.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock bought 16,633 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of $3.30 per share, with a total value of $54,888.90. Following the completion of the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ADV. Principal Financial Group Inc. raised its holdings in shares of Advantage Solutions by 11.9% during the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after purchasing an additional 5,107 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Advantage Solutions by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock worth $112,000 after acquiring an additional 6,449 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $84,000 after acquiring an additional 8,256 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Advantage Solutions in the second quarter valued at approximately $31,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Advantage Solutions by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock valued at $179,000 after acquiring an additional 10,025 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Stock Down 2.7 %

ADV stock traded down $0.08 during midday trading on Monday, hitting $2.89. 11,885 shares of the company’s stock were exchanged, compared to its average volume of 739,133. The stock has a market capitalization of $926.98 million, a price-to-earnings ratio of -7.05 and a beta of 1.51. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.44. Advantage Solutions has a 12-month low of $2.70 and a 12-month high of $4.95.

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.