1 day Ago By ABMN Staff
Bank of New York Mellon Corp increased its position in Advantage Solutions Inc. ( NASDAQ:ADV – Free Report ) by 24.7% during the second quarter, Holdings Channel.
com reports. The institutional investor owned 579,116 shares of the company’s stock after purchasing an additional 114,770 shares during the period. Bank of New York Mellon Corp’s holdings in Advantage Solutions were worth $1,865,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atairos Partners GP Inc. increased its position in Advantage Solutions by 114.
7% in the fourth quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after purchasing an additional 2,272,428 shares during the last quarter.
Quadrature Capital Ltd bought a new position in Advantage Solutions during the fourth quarter valued at $55,000. Victory Capital Management Inc. purchased a new stake in Advantage Solutions in the 4th quarter worth about $51,000.
BlackBarn Capital Partners LP bought a new stake in shares of Advantage Solutions during the 4th quarter worth approximately $2,956,000. Finally, Principal Financial Group Inc. boosted its holdings in Advantage Solutions by 293.
0% during the 1st quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock valued at $186,000 after acquiring an additional 32,049 shares during the period.
49.82% of the stock is owned by institutional investors. Insider Activity In related news, CEO David A.
Peacock purchased 40,000 shares of Advantage Solutions 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 transaction, the chief executive officer now owns 2,320,396 shares in the company, valued at approximately $6,473,904.84.
The purchase was disclosed in a document filed with the SEC, which is available through the SEC website . In other news, CEO David A. Peacock purchased 40,000 shares of the business’s stock in a transaction on Friday, June 21st.
The shares were acquired 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 owns 2,320,396 shares of the company’s stock, valued at $6,473,904.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link .
Also, CEO David A. Peacock acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $3.
40 per share, with a total value of $51,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,335,396 shares in the company, valued at $7,940,346.
40. The disclosure for this purchase can be found here . Insiders own 6.
20% of the company’s stock. Advantage Solutions Stock Performance Advantage Solutions ( NASDAQ:ADV – Get Free Report ) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.
04) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.14).
The firm had revenue of $873.36 million for the quarter, compared to analysts’ expectations of $909.64 million.
Advantage Solutions had a negative return on equity of 5.96% and a negative net margin of 2.72%.
Analysts predict that Advantage Solutions Inc. will post 0.39 earnings per share for the current year.
About Advantage Solutions ( Free Report ) 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.
See Also Want to see what other hedge funds are holding ADV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advantage Solutions Inc. ( NASDAQ:ADV – Free Report ).
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