Creative Planning Invests $82,000 in Advantage Solutions Inc. (NASDAQ:ADV)

Creative Planning purchased a new stake in Advantage Solutions Inc. (NASDAQ:ADV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,812 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atairos Partners GP Inc. grew its position in Advantage Solutions by 121.0% in the second quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company’s stock valued at $35,374,000 after acquiring an additional 6,014,317 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Advantage Solutions by 68.8% during 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 in the last quarter. CVC Management Holdings II Ltd. lifted its holdings in Advantage Solutions by 1.1% in the 2nd quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock worth $262,785,000 after buying an additional 902,415 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Advantage Solutions by 88.1% in the 2nd quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock worth $1,074,000 after buying an additional 156,248 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in Advantage Solutions in the 3rd quarter valued at about $421,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advantage Solutions

In related news, CEO David A. Peacock purchased 15,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $3.40 per share, with a total value of $51,000.00. Following the completion of the transaction, the chief executive officer now owns 2,335,396 shares of the company’s stock, valued at $7,940,346.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Advantage Solutions Price Performance

Shares of NASDAQ ADV opened at $3.30 on Wednesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.12 and a current ratio of 2.12. Advantage Solutions Inc. has a 1 year low of $1.99 and a 1 year high of $4.95. The stock’s 50-day simple moving average is $3.40 and its 200-day simple moving average is $3.51. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -7.90 and a beta of 1.48.

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.