Advantage Solutions (NASDAQ:ADV) Shares Gap Down – Should You Sell?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) gapped down prior to trading on Monday . The stock had previously closed at $2.84, but opened at $2.78. Advantage Solutions shares last traded at $2.85, with a volume of 24,972 shares changing hands.

Advantage Solutions Stock Down 1.1 %

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 business’s fifty day moving average price is $3.27 and its 200 day moving average price is $3.44. The company has a market capitalization of $843.58 million, a P/E ratio of -6.41 and a beta of 1.55.

Insider Activity at Advantage Solutions

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

Institutional Investors Weigh In On Advantage Solutions

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Advantage Solutions during the second quarter worth $31,000. Algert Global LLC acquired a new position in Advantage Solutions during the 2nd quarter worth about $36,000. Y Intercept Hong Kong Ltd bought a new stake in Advantage Solutions during the 3rd quarter worth about $54,000. Paloma Partners Management Co acquired a new stake in Advantage Solutions in the 3rd quarter valued at about $77,000. Finally, Creative Planning bought a new position in shares of Advantage Solutions in the third quarter worth about $82,000. 49.82% of the stock is currently owned by institutional investors.

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.