Verition Fund Management LLC Has $82,000 Stake in Advantage Solutions Inc. (NASDAQ:ADV)

Verition Fund Management LLC lowered its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 32.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,016 shares of the company’s stock after selling 11,737 shares during the period. Verition Fund Management LLC’s holdings in Advantage Solutions were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ADV. Principal Financial Group Inc. raised its stake in Advantage Solutions by 11.9% in the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock valued at $155,000 after purchasing an additional 5,107 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Advantage Solutions by 46.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after buying an additional 8,256 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Advantage Solutions during the 2nd quarter worth approximately $31,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Advantage Solutions by 22.0% during 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 in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of $3.30 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.20% of the company’s stock.

Advantage Solutions Price Performance

Shares of ADV stock opened at $3.29 on Wednesday. The business has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $3.44. The company has a market cap of $1.06 billion, a P/E ratio of -8.02 and a beta of 1.51. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a twelve month low of $2.70 and a twelve month high of $4.95.

Advantage Solutions 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.