Advantage Solutions Inc. (NASDAQ:ADV) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 14.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 55,207 shares of the company’s stock after purchasing an additional 7,114 shares during the period. Principal Financial Group Inc.’s holdings in Advantage Solutions were worth $189,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CVC Management Holdings II Ltd. increased its stake in Advantage Solutions by 1.1% during the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock worth $262,785,000 after purchasing an additional 902,415 shares during the period. Atairos Partners GP Inc. increased its stake in Advantage Solutions by 121.0% during the 2nd quarter. Atairos Partners GP Inc. now owns 10,985,759 shares of the company’s stock worth $35,374,000 after buying an additional 6,014,317 shares during the period. Vanguard Group Inc. lifted its holdings in Advantage Solutions by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,371,726 shares of the company’s stock worth $36,250,000 after buying an additional 99,133 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Advantage Solutions by 68.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock valued at $10,971,000 after buying an additional 1,388,198 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Advantage Solutions by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 579,116 shares of the company’s stock worth $1,865,000 after acquiring an additional 114,770 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Stock Performance

Shares of Advantage Solutions stock opened at $3.60 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions Inc. has a one year low of $2.64 and a one year high of $4.95. The company has a market cap of $1.15 billion, a PE ratio of -8.78 and a beta of 1.48. The business has a 50-day simple moving average of $3.33 and a 200-day simple moving average of $3.44.

Insiders Place Their Bets

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

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.