Inspire Investing LLC Buys 15,406 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Inspire Investing LLC raised its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 12.6% during the 4th quarter, Holdings Channel reports. The fund owned 138,031 shares of the company’s stock after acquiring an additional 15,406 shares during the period. Inspire Investing LLC’s holdings in Advantage Solutions were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Advantage Solutions by 68.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock valued at $10,971,000 after purchasing an additional 1,388,198 shares during the period. Empowered Funds LLC boosted its stake in shares of Advantage Solutions by 13.9% in the third quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock valued at $5,549,000 after buying an additional 197,534 shares during the period. Jane Street Group LLC grew its position in Advantage Solutions by 29.1% during the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock worth $2,074,000 after buying an additional 136,276 shares in the last quarter. AQR Capital Management LLC increased its stake in Advantage Solutions by 88.1% during the 2nd quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock worth $1,074,000 after acquiring an additional 156,248 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after acquiring an additional 174,220 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Stock Performance

ADV opened at $2.65 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions Inc. has a 52-week low of $2.22 and a 52-week high of $4.95. The firm has a market cap of $849.99 million, a P/E ratio of -6.46 and a beta of 1.55. The business’s fifty day moving average is $3.07 and its 200-day moving average is $3.37.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). Advantage Solutions had a negative return on equity of 7.58% and a negative net margin of 3.32%. The firm had revenue of $939.27 million for the quarter, compared to analyst estimates of $935.21 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Sell-side analysts expect that Advantage Solutions Inc. will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the transaction, the chief executive officer now directly owns 2,352,029 shares in the company, valued at $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 6.20% of the stock is currently owned by company insiders.

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.