Samuel D. Robinson Acquires 3,881 Shares of GP Strategies Corp. (GPX) Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 3,881 shares of GP Strategies Corp. stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average cost of $24.80 per share, with a total value of $96,248.80. The purchase was disclosed in a filing with the SEC, which is available at this link.
GP Strategies Corp. (NYSE:GPX) opened at 24.05 on Friday. The stock has a 50 day moving average of $24.31 and a 200-day moving average of $23.84. The company has a market cap of $399.88 million, a price-to-earnings ratio of 21.84 and a beta of 1.41. GP Strategies Corp. has a one year low of $19.59 and a one year high of $28.59.
GP Strategies Corp. (NYSE:GPX) last posted its quarterly earnings data 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. The business earned $125.50 million during the quarter, compared to analysts’ expectations of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. On average, equities analysts predict that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
Several brokerages recently commented on GPX. Zacks Investment Research raised shares of GP Strategies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reaffirmed a “buy” rating and set a $26.00 price objective on shares of GP Strategies Corp. in a research note on Sunday, July 31st.
Institutional investors have recently bought and sold shares of 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 during the last quarter. Emerald Acquisition Ltd. acquired a new position in GP Strategies Corp. during the second quarter worth about $4,476,000. Thomson Horstmann & Bryant Inc. increased 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 during the last quarter. Neuberger Berman Group LLC increased its position in 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. Finally, Vanguard Group Inc. increased 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 during the last quarter. 88.88% of the stock is currently owned by institutional investors.
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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