Samuel D. Robinson Buys 2,901 Shares of GP Strategies Corp. (GPX) Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 2,901 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $24.94 per share, with a total value of $72,350.94. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $6,235. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
GP Strategies Corp. (NYSE:GPX) opened at 28.05 on Monday. The firm has a market capitalization of $468.04 million, a P/E ratio of 23.91 and a beta of 1.14. GP Strategies Corp. has a one year low of $19.59 and a one year high of $29.05. The company has a 50-day moving average price of $24.87 and a 200-day moving average price of $23.60.
GP Strategies Corp. (NYSE:GPX) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. GP Strategies Corp. had a return on equity of 12.55% and a net margin of 4.04%. The firm had revenue of $122 million for the quarter, compared to analyst estimates of $120.71 million. During the same period last year, the company earned $0.22 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that GP Strategies Corp. will post $1.14 EPS for the current year.
A number of hedge funds have recently modified their holdings of GPX. Cove Street Capital LLC raised its stake 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 last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of GP Strategies Corp. during the second quarter worth about $4,476,000. Neuberger Berman Group LLC raised its stake in shares of GP Strategies Corp. by 36.9% in the third quarter. Neuberger Berman Group LLC now owns 386,397 shares of the company’s stock worth $9,513,000 after buying an additional 104,122 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake 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 last quarter. Finally, Falcon Point Capital LLC acquired a new stake in shares of GP Strategies Corp. during the third quarter worth about $981,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of GP Strategies Corp. in a research report on Wednesday, November 2nd. Zacks Investment Research downgraded GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st.
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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