GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 7,762 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was purchased at an average cost of $24.67 per share, with a total value of $191,488.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.62 on Friday. GP Strategies Corp. has a one year low of $19.59 and a one year high of $28.59. The firm has a market capitalization of $409.36 million, a P/E ratio of 22.36 and a beta of 1.41. The company’s 50 day moving average price is $24.33 and its 200 day moving average price is $23.82.
GP Strategies Corp. (NYSE:GPX) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. The company had revenue of $125.50 million for the quarter, compared to the consensus estimate of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, analysts expect that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in GPX. Neuberger Berman Group LLC increased its stake in 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 period. GSA Capital Partners LLP acquired a new stake in shares of GP Strategies Corp. during the second quarter valued at $285,000. GHP Investment Advisors Inc. increased its stake in shares of GP Strategies Corp. by 11.2% in the second quarter. GHP Investment Advisors Inc. now owns 17,975 shares of the company’s stock valued at $390,000 after buying an additional 1,815 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of GP Strategies Corp. during the second quarter valued at $4,476,000. Finally, Thomson Horstmann & Bryant Inc. increased its stake 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. Institutional investors own 88.88% of the company’s stock.
Several equities research analysts have recently weighed in on GPX shares. Zacks Investment Research raised GP Strategies Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. B. Riley reissued a “buy” rating and issued a $26.00 price objective on shares of GP Strategies Corp. in a report on Sunday, July 31st.
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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