Samuel D. Robinson Buys 6,814 Shares of GP Strategies Corp. (GPX) Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 6,814 shares of the stock in a transaction on Wednesday, October 5th. The shares were purchased at an average price of $24.66 per share, for a total transaction of $168,033.24. Following the completion of the transaction, the director now owns 250 shares in the company, valued at approximately $6,165. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
GP Strategies Corp. (NYSE:GPX) opened at 24.23 on Monday. GP Strategies Corp. has a 52-week low of $19.59 and a 52-week high of $28.59. The firm’s 50-day moving average is $24.41 and its 200 day moving average is $23.72. The stock has a market capitalization of $402.87 million, a PE ratio of 22.01 and a beta of 1.26.
GP Strategies Corp. (NYSE:GPX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that GP Strategies Corp. will post $1.19 earnings per share for the current year.
GPX has been the topic of several research analyst reports. Zacks Investment Research cut shares of GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of GP Strategies Corp. in a research report on Sunday, July 31st.
Institutional investors have recently made changes to their positions in the stock. NWQ Investment Management Company LLC raised its position in shares of 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 valued at $21,573,000 after buying an additional 15,520 shares in the last quarter. Geode Capital Management LLC raised its stake in GP Strategies Corp. by 0.9% in the first quarter. Geode Capital Management LLC now owns 102,005 shares of the company’s stock valued at $2,794,000 after buying an additional 952 shares during the period. Renaissance Technologies LLC raised its stake in GP Strategies Corp. by 10.8% in the first quarter. Renaissance Technologies LLC now owns 37,994 shares of the company’s stock valued at $1,041,000 after buying an additional 3,694 shares during the period. Envestnet Asset Management Inc. raised its stake in GP Strategies Corp. by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 27,238 shares of the company’s stock valued at $746,000 after buying an additional 3,245 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in GP Strategies Corp. by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 9,228 shares of the company’s stock valued at $253,000 after buying an additional 527 shares during the period. Institutional investors and hedge funds own 88.88% of the company’s stock.
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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