Insider Buying: GP Strategies Corp. (GPX) Director Acquires 5,770 Shares of Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson bought 5,770 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The shares were acquired at an average price of $24.10 per share, for a total transaction of $139,057.00. Following the completion of the transaction, the director now owns 250 shares in the company, valued at $6,025. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of GP Strategies Corp. (NYSE:GPX) traded down 1.04% on Monday, hitting $23.85. 19,598 shares of the stock were exchanged. The company has a market cap of $396.55 million, a price-to-earnings ratio of 21.66 and a beta of 1.26. GP Strategies Corp. has a 52-week low of $19.59 and a 52-week high of $28.59. The company has a 50 day moving average of $24.42 and a 200 day moving average of $23.67.
GP Strategies Corp. (NYSE:GPX) last posted 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. The company earned $125.50 million during the quarter, compared to the consensus estimate 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 company posted $0.27 earnings per share. Equities research analysts forecast that GP Strategies Corp. will post $1.19 earnings per share for the current year.
Several equities research analysts recently commented on GPX shares. Zacks Investment Research downgraded 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 target price on shares of GP Strategies Corp. in a research report on Sunday, July 31st.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cove Street Capital LLC boosted 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 valued at $24,045,000 after buying an additional 347,003 shares during the period. Emerald Acquisition Ltd. bought a new position in GP Strategies Corp. during the second quarter valued at $4,476,000. Thomson Horstmann & Bryant Inc. boosted 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 valued at $7,419,000 after buying an additional 53,980 shares during the period. Neuberger Berman Group LLC boosted 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 valued at $6,123,000 after buying an additional 23,244 shares during the period. Finally, Vanguard Group Inc. boosted 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 valued at $12,073,000 after buying an additional 17,127 shares during the period. 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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