Advantage Solutions (NASDAQ:ADV) Sets New 52-Week Low – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV) shares hit a new 52-week low during trading on Monday . The company traded as low as $2.30 and last traded at $2.30, with a volume of 306 shares changing hands. The stock had previously closed at $2.38.

Advantage Solutions Stock Down 1.3 %

The company has a market capitalization of $753.77 million, a P/E ratio of -5.73 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. The stock has a 50 day moving average price of $3.24 and a 200 day moving average price of $3.43.

Insider Buying and Selling

In related news, CEO David A. Peacock bought 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $3.30 per share, with a total value of $54,888.90. Following the transaction, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

Institutional Trading of Advantage Solutions

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Advantage Solutions by 11.9% in the 2nd quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock valued at $155,000 after buying an additional 5,107 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Advantage Solutions by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock valued at $112,000 after buying an additional 6,449 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Advantage Solutions by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock valued at $179,000 after buying an additional 10,025 shares during the period. Algert Global LLC acquired a new stake in shares of Advantage Solutions in the 2nd quarter valued at about $36,000. Finally, American Century Companies Inc. boosted its stake in Advantage Solutions by 9.1% during the 2nd quarter. American Century Companies Inc. now owns 143,234 shares of the company’s stock valued at $461,000 after purchasing an additional 11,945 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.