Advantage Solutions Inc. (NASDAQ:ADV) Director James M. Kilts Purchases 13,325 Shares

Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) Director James M. Kilts purchased 13,325 shares of the stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $1.73 per share, with a total value of $23,052.25. Following the acquisition, the director now owns 476,621 shares in the company, valued at approximately $824,554.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Advantage Solutions Price Performance

NASDAQ:ADV remained flat at $1.91 during trading hours on Friday. The company’s stock had a trading volume of 483,729 shares, compared to its average volume of 488,885. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 1.70. The business’s 50 day simple moving average is $1.51 and its 200-day simple moving average is $2.06. Advantage Solutions Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $4.64.

Advantage Solutions (NASDAQ:ADV – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.34. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Advantage Solutions had a positive return on equity of 10.02% and a negative net margin of 34.90%. As a group, analysts forecast that Advantage Solutions Inc. will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Advantage Solutions

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Advantage Solutions during the 3rd quarter valued at about $66,000. Prudential Financial Inc. grew its holdings in shares of Advantage Solutions by 4.0% during the third quarter. Prudential Financial Inc. now owns 302,415 shares of the company’s stock worth $644,000 after purchasing an additional 11,600 shares in the last quarter. Contrarian Capital Management L.L.C. grew its holdings in shares of Advantage Solutions by 105.5% during the third quarter. Contrarian Capital Management L.L.C. now owns 205,500 shares of the company’s stock worth $438,000 after purchasing an additional 105,500 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Advantage Solutions during the third quarter worth about $32,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Advantage Solutions by 17.1% during the third quarter. MetLife Investment Management LLC now owns 47,508 shares of the company’s stock worth $101,000 after purchasing an additional 6,951 shares in the last quarter. 26.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price objective on shares of Advantage Solutions from $2.60 to $2.90 and gave the stock a “neutral” rating in a research report on Friday, March 3rd.

About Advantage Solutions

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Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.