Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Update

Advantage Solutions Inc. (NASDAQ:ADV) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 8,390,000 shares, a growth of 13.1% from the December 31st total of 7,420,000 shares. Based on an average daily volume of 417,200 shares, the days-to-cover ratio is currently 20.1 days. Approximately 9.5% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, CEO David A. Peacock bought 16,633 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was bought 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 owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Advantage Solutions

A number of institutional investors have recently added to or reduced their stakes in ADV. CIBC Asset Management Inc acquired a new position in Advantage Solutions during the 4th quarter worth approximately $30,000. Algert Global LLC acquired a new position in Advantage Solutions during the 2nd quarter worth approximately $36,000. Y Intercept Hong Kong Ltd acquired a new position in Advantage Solutions during the 3rd quarter worth approximately $54,000. a16z Perennial Management L.P. acquired a new position in Advantage Solutions during the 4th quarter worth approximately $55,000. Finally, Paloma Partners Management Co acquired a new position in Advantage Solutions during the 3rd quarter worth approximately $77,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Price Performance

Shares of NASDAQ:ADV opened at $2.64 on Friday. The firm has a 50 day moving average of $3.00 and a 200-day moving average of $3.35. The stock has a market capitalization of $846.78 million, a PE ratio of -6.44 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions has a 12 month low of $2.22 and a 12 month high of $4.95.

Advantage Solutions (NASDAQ:ADV) last issued its earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). The firm had revenue of $939.27 million during the quarter, compared to analyst estimates of $935.21 million. Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, equities research analysts predict that Advantage Solutions will post -0.51 EPS for the current fiscal year.

Advantage Solutions Company Profile

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.