Mosaic Family Wealth Partners LLC Acquires 15,000 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Mosaic Family Wealth Partners LLC increased its holdings in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,000 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Advantage Solutions were worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Advantage Solutions by 2.6% in the third quarter. Vanguard Group Inc. now owns 8,228,477 shares of the company’s stock worth $23,369,000 after buying an additional 205,992 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Advantage Solutions by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 49,288 shares of the company’s stock worth $178,000 after buying an additional 10,103 shares in the last quarter. Caprock Group LLC lifted its stake in shares of Advantage Solutions by 49.8% in the fourth quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock worth $68,000 after buying an additional 6,220 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Advantage Solutions by 42.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,924 shares of the company’s stock worth $137,000 after buying an additional 11,209 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Advantage Solutions by 323.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,931 shares of the company’s stock worth $134,000 after buying an additional 28,211 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Insider Activity

In related news, CEO David A. Peacock acquired 40,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average cost of $2.79 per share, with a total value of $111,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,320,396 shares of the company’s stock, valued at $6,473,904.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is owned by corporate insiders.

Advantage Solutions Stock Down 4.2 %

Shares of NASDAQ ADV traded down $0.16 during midday trading on Friday, hitting $3.67. The stock had a trading volume of 929,455 shares, compared to its average volume of 944,086. The business’s 50 day moving average is $3.37 and its 200-day moving average is $3.80. The company has a market cap of $1.18 billion, a P/E ratio of -52.42 and a beta of 1.48. Advantage Solutions Inc. has a 52 week low of $1.85 and a 52 week high of $4.95. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.66.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.24). Advantage Solutions had a negative net margin of 0.36% and a negative return on equity of 5.26%. The company had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $893.04 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. As a group, analysts predict that Advantage Solutions Inc. will post 0.41 EPS for the current year.

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.