Samuel D. Robinson Buys 6,814 Shares of GP Strategies Corp. (GPX) Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson bought 6,814 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was purchased at an average price of $24.66 per share, for a total transaction of $168,033.24. Following the completion of the acquisition, the director now owns 250 shares of the company’s stock, valued at approximately $6,165. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.23 on Monday. The stock’s 50 day moving average is $24.41 and its 200 day moving average is $23.72. GP Strategies Corp. has a 12 month low of $19.59 and a 12 month high of $28.59. The company has a market cap of $402.87 million, a P/E ratio of 22.01 and a beta of 1.26.
GP Strategies Corp. (NYSE:GPX) last issued its quarterly 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. The firm earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. On average, analysts anticipate that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
Several research firms have weighed in on GPX. B. Riley reiterated a “buy” rating and issued a $27.00 target price on shares of GP Strategies Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of GP Strategies Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cove Street Capital LLC increased its position in shares of 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 during the period. Emerald Acquisition Ltd. purchased a new position in shares of GP Strategies Corp. during the second quarter worth about $4,476,000. Thomson Horstmann & Bryant Inc. increased its position 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 period. Neuberger Berman Group LLC increased its position 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 period. Finally, Vanguard Group Inc. increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 88.88% of the company’s stock.
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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