According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “
Separately, B. Riley reiterated a buy rating and issued a $26.00 price target on shares of GP Strategies Corp. in a report on Sunday, July 31st.
GP Strategies Corp. (NYSE:GPX) opened at 24.67 on Wednesday. The stock has a market capitalization of $410.19 million, a P/E ratio of 22.41 and a beta of 1.41. GP Strategies Corp. has a 52 week low of $19.59 and a 52 week high of $28.59. The company’s 50-day moving average price is $24.29 and its 200 day moving average price is $23.84.
GP Strategies Corp. (NYSE:GPX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business earned $125.50 million during the quarter, compared to analyst estimates 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 revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Equities research analysts expect that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
In other GP Strategies Corp. news, major shareholder Sagard Capital Partners, L.P. purchased 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was purchased at an average cost of $25.00 per share, with a total value of $27,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A Marvin Strait purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of $22.55 per share, with a total value of $33,825.00. Following the completion of the transaction, the director now owns 29,933 shares in the company, valued at approximately $674,989.15. The disclosure for this purchase can be found here. Insiders own 24.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. NWQ Investment Management Company LLC boosted its stake in shares of GP Strategies Corp. by 2.0% in the first quarter. NWQ Investment Management Company LLC now owns 787,331 shares of the company’s stock worth $21,573,000 after buying an additional 15,520 shares during the period. State Street Corp boosted its stake in shares of GP Strategies Corp. by 0.5% in the first quarter. State Street Corp now owns 200,602 shares of the company’s stock worth $5,497,000 after buying an additional 1,052 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of GP Strategies Corp. during the first quarter worth $244,000. Geode Capital Management LLC boosted its stake in shares of GP Strategies Corp. by 0.9% in the first quarter. Geode Capital Management LLC now owns 102,005 shares of the company’s stock worth $2,794,000 after buying an additional 952 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of GP Strategies Corp. by 10.8% in the first quarter. Renaissance Technologies LLC now owns 37,994 shares of the company’s stock worth $1,041,000 after buying an additional 3,694 shares during the period. 88.88% of the stock is owned by hedge funds and other institutional investors.
About GP Strategies Corp.
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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