GP Strategies Corp. (GPX) Trading 2.8% Higher
GP Strategies Corp. (NYSE:GPX)’s share price traded up 2.8% during trading on Monday . The company traded as high as $24.37 and last traded at $24.30, with a volume of 116,288 shares trading hands. The stock had previously closed at $23.64.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of GP Strategies Corp. in a research report on Sunday, July 31st. TheStreet lowered shares of GP Strategies Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Roth Capital reissued a “buy” rating on shares of GP Strategies Corp. in a research report on Saturday, April 30th.
The stock has a 50-day moving average price of $22.30 and a 200 day moving average price of $23.73. The company has a market cap of $404.70 million and a price-to-earnings ratio of 22.11.
GP Strategies Corp. (NYSE:GPX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, equities research analysts expect that GP Strategies Corp. will post $1.20 EPS for the current fiscal year.
In related news, insider Deborah Ung sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $24.55, for a total value of $28,576.20. Following the completion of the transaction, the insider now directly owns 15,435 shares in the company, valued at approximately $378,929.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Marvin Strait acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of $22.55 per share, with a total value of $33,825.00. Following the completion of the transaction, the director now directly owns 29,933 shares in the company, valued at approximately $674,989.15. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in GP Strategies Corp. stock. Schwab Charles Investment Management Inc. boosted its position in GP Strategies Corp. (NYSE:GPX) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,202 shares of the company’s stock after buying an additional 11,996 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.33% of GP Strategies Corp. worth $1,412,000 as of its most recent filing with the SEC.
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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