Short Interest in Advantage Solutions Inc. (NASDAQ:ADV) Expands By 13.1%

Advantage Solutions Inc. (NASDAQ:ADV) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,390,000 shares, an increase of 13.1% from the December 15th total of 7,420,000 shares. Based on an average daily trading volume, of 417,200 shares, the short-interest ratio is currently 20.1 days. Currently, 9.5% of the company’s stock are short sold.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the acquisition, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.20% of the stock is owned by company insiders.

Institutional Trading of Advantage Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ADV. Oppenheimer Asset Management Inc. raised its stake in Advantage Solutions by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock worth $112,000 after acquiring an additional 6,449 shares during the last quarter. Principal Financial Group Inc. raised its stake in Advantage Solutions by 14.8% in the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock worth $189,000 after acquiring an additional 7,114 shares during the last quarter. SG Americas Securities LLC raised its stake in Advantage Solutions by 22.5% in the 4th quarter. SG Americas Securities LLC now owns 48,178 shares of the company’s stock worth $141,000 after acquiring an additional 8,849 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Advantage Solutions by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock worth $179,000 after acquiring an additional 10,025 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Advantage Solutions in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Trading Up 3.7 %

Shares of ADV opened at $2.52 on Friday. Advantage Solutions has a 12 month low of $2.22 and a 12 month high of $4.95. The stock has a fifty day moving average price of $3.13 and a 200-day moving average price of $3.40. 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 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.