GP Strategies Corp. (GPX) Stock Rating Upgraded by TheStreet
GP Strategies Corp. (NYSE:GPX) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other research analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of GP Strategies Corp. in a research note on Sunday, July 31st. Zacks Investment Research upgraded GP Strategies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th.
Shares of GP Strategies Corp. (NYSE:GPX) traded down 3.96% on Monday, hitting $26.65. The company’s stock had a trading volume of 18,484 shares. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $29.05. The company has a 50 day moving average of $25.58 and a 200 day moving average of $23.76. The firm has a market cap of $444.68 million, a PE ratio of 22.72 and a beta of 1.14.
GP Strategies Corp. (NYSE:GPX) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $122 million for the quarter, compared to analysts’ expectations of $120.71 million. GP Strategies Corp. had a return on equity of 12.55% and a net margin of 4.04%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities analysts forecast that GP Strategies Corp. will post $1.14 EPS for the current year.
In other news, major shareholder Sagard Capital Partners, L.P. bought 9,294 shares of GP Strategies Corp. stock in a transaction on Friday, September 9th. The shares were bought at an average price of $24.47 per share, with a total value of $227,424.18. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Samuel D. Robinson bought 1,840 shares of GP Strategies Corp. stock in a transaction on Friday, November 4th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $46,000.00. Following the acquisition, the director now owns 250 shares in the company, valued at $6,250. The disclosure for this purchase can be found here. 24.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cove Street Capital LLC increased 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 boosted its stake in shares of 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 during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of GP Strategies Corp. by 3.5% in the third quarter. PNC Financial Services Group Inc. now owns 752,869 shares of the company’s stock worth $18,536,000 after buying an additional 25,145 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of GP Strategies Corp. by 14.5% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 391,572 shares of the company’s stock worth $9,640,000 after buying an additional 49,520 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors.
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.
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