Advantage Solutions (NASDAQ:ADV) Reaches New 12-Month Low – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $2.64 and last traded at $2.65, with a volume of 283862 shares trading hands. The stock had previously closed at $2.84.

Advantage Solutions Price Performance

The business has a 50 day moving average of $3.26 and a 200 day moving average of $3.43. The company has a market cap of $843.58 million, a PE ratio of -6.41 and a beta of 1.55. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. The trade was a 0.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 6.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors have recently added to or reduced their stakes in ADV. Bank of New York Mellon Corp raised its holdings in Advantage Solutions by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 579,116 shares of the company’s stock worth $1,865,000 after purchasing an additional 114,770 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Advantage Solutions by 46.1% during the second 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 in the last quarter. Principal Financial Group Inc. increased 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 valued at $155,000 after acquiring an additional 5,107 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Advantage Solutions by 11.3% during the second quarter. Rhumbline Advisers now owns 149,818 shares of the company’s stock valued at $482,000 after acquiring an additional 15,158 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Advantage Solutions by 9.1% during the second quarter. American Century Companies Inc. now owns 143,234 shares of the company’s stock valued at $461,000 after acquiring an additional 11,945 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

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.