GP Strategies Corp. (NYSE:GPX) – Barrington Research reduced their Q3 2016 earnings estimates for GP Strategies Corp. in a research report issued to clients and investors on Monday. Barrington Research analyst A. Paris. Jr now expects that the firm will earn $0.31 per share for the quarter, down from their previous forecast of $0.33. Barrington Research also issued estimates for GP Strategies Corp.’s FY2016 earnings at $1.24 EPS and FY2017 earnings at $1.46 EPS.

GP Strategies Corp. (NYSE:GPX) last posted its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. GP Strategies Corp. had a net margin of 3.81% and a return on equity of 12.82%. The company earned $125.50 million during the quarter, compared to analysts’ expectations of $127.96 million. During the same period in the previous year, the company posted $0.27 EPS. GP Strategies Corp.’s quarterly revenue was down .2% compared to the same quarter last year.

Several other equities research analysts have also 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 note on Monday, August 1st. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of GP Strategies Corp. in a research note on Sunday, July 31st.

Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.72 on Tuesday. The stock has a market cap of $411.02 million, a price-to-earnings ratio of 22.45 and a beta of 1.41. The company has a 50-day moving average price of $24.06 and a 200-day moving average price of $23.89. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $28.59.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cove Street Capital LLC raised 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 in the last quarter. Dimensional Fund Advisors LP raised its position in GP Strategies Corp. by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 925,765 shares of the company’s stock worth $20,080,000 after buying an additional 4,967 shares in the last quarter. NWQ Investment Management Company LLC raised its position in 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 in the last quarter. Vanguard Group Inc. raised its position in GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock worth $12,073,000 after buying an additional 17,127 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its position in GP Strategies Corp. by 18.7% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 342,052 shares of the company’s stock worth $7,419,000 after buying an additional 53,980 shares in the last quarter. Institutional investors and hedge funds own 88.88% of the company’s stock.

In related news, Director A Marvin Strait acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of $22.55 per share, for a total transaction of $33,825.00. Following the completion of the purchase, the director now directly owns 29,933 shares of the company’s stock, valued at $674,989.15. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Ung sold 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $24.55, for a total transaction of $28,576.20. Following the transaction, the insider now owns 15,435 shares in the company, valued at approximately $378,929.25. The disclosure for this sale can be found here. 24.90% of the stock is currently owned by company insiders.

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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