GP Strategies Corp. (NYSE:GPX) major shareholder Sagard Capital Partners, L.P. acquired 8,988 shares of the firm’s stock in a transaction on Wednesday, September 21st. The shares were bought at an average cost of $24.99 per share, with a total value of $224,610.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Sagard Capital Partners, L.P. also recently made the following trade(s):

  • On Monday, September 19th, Sagard Capital Partners, L.P. acquired 5,757 shares of GP Strategies Corp. stock. The shares were bought at an average cost of $25.00 per share, with a total value of $143,925.00.
  • On Friday, September 9th, Sagard Capital Partners, L.P. acquired 9,294 shares of GP Strategies Corp. stock. The shares were bought at an average cost of $24.47 per share, with a total value of $227,424.18.

Shares of GP Strategies Corp. (NYSE:GPX) opened at 25.22 on Friday. The firm has a market capitalization of $419.33 million, a PE ratio of 22.91 and a beta of 1.41. The stock has a 50 day moving average price of $24.13 and a 200 day moving average price of $23.90. GP Strategies Corp. has a 12-month low of $19.59 and a 12-month high of $28.59.

GP Strategies Corp. (NYSE:GPX) last announced its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The business had revenue of $125.50 million for the quarter, compared to analysts’ expectations of $127.96 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Analysts predict that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its stake 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 worth $6,123,000 after buying an additional 23,244 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of GP Strategies Corp. during the second quarter worth about $285,000. GHP Investment Advisors Inc. raised 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 worth $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 worth about $4,476,000. Finally, Thomson Horstmann & Bryant Inc. raised 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 worth $7,419,000 after buying an additional 53,980 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on GPX shares. Zacks Investment Research cut GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. B. Riley reaffirmed a “buy” rating and set 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.

5 Day Chart for NYSE:GPX

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