GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 6,814 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was purchased at an average price of $24.66 per share, with a total value of $168,033.24. Following the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $6,165. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.65 on Tuesday. The stock’s 50 day moving average is $24.43 and its 200-day moving average is $23.67. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $28.59. The stock has a market cap of $409.86 million, a PE ratio of 22.39 and a beta of 1.26.
GP Strategies Corp. (NYSE:GPX) last posted its earnings results on Thursday, July 28th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. The company earned $125.50 million during the quarter, compared to analysts’ expectations of $127.96 million. GP Strategies Corp. had a net margin of 3.81% and a return on equity of 12.82%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. On average, analysts predict that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cove Street Capital LLC increased its position in GP Strategies Corp. by 45.6% in the second quarter. Cove Street Capital LLC now owns 1,108,546 shares of the company’s stock worth $24,045,000 after buying an additional 347,003 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of GP Strategies Corp. during the second quarter valued at about $4,476,000. Thomson Horstmann & Bryant Inc. increased its position in shares of GP Strategies Corp. by 18.7% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 342,052 shares of the company’s stock valued at $7,419,000 after buying an additional 53,980 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of GP Strategies Corp. by 9.0% in the second quarter. Neuberger Berman Group LLC now owns 282,275 shares of the company’s stock valued at $6,123,000 after buying an additional 23,244 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock valued at $12,073,000 after buying an additional 17,127 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on GPX. Zacks Investment Research upgraded shares of GP Strategies Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of GP Strategies Corp. in a research report on Sunday, July 31st.
GP Strategies Corp. Company Profile
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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