GP Strategies Corp. (GPX) Stock Rating Upgraded by TheStreet
GP Strategies Corp. (NYSE:GPX) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a report released on Monday.
A number of other equities analysts have also issued reports on the company. B. Riley lowered GP Strategies Corp. to a “neutral” rating and set a $24.00 price target for the company. in a research note on Monday, November 7th. Zacks Investment Research raised GP Strategies Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 26.65 on Monday. The stock has a 50 day moving average price of $25.58 and a 200-day moving average price of $23.76. The stock has a market cap of $444.68 million, a P/E ratio of 22.72 and a beta of 1.14. GP Strategies Corp. has a 12 month low of $19.59 and a 12 month high of $29.05.
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, beating analysts’ consensus estimates of $0.28 by $0.01. The firm earned $122 million during the quarter, compared to analyst estimates 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 period last year, the company posted $0.22 EPS. On average, analysts forecast that GP Strategies Corp. will post $1.14 EPS for the current fiscal year.
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In other GP Strategies Corp. news, major shareholder Sagard Capital Partners, L.P. bought 1,100 shares of GP Strategies Corp. stock in a transaction dated Thursday, September 22nd. The stock was bought at an average price of $25.00 per share, for a total transaction of $27,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samuel D. Robinson bought 2,901 shares of GP Strategies Corp. stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average price of $24.94 per share, with a total value of $72,350.94. Following the acquisition, the director now directly owns 250 shares of the company’s stock, valued at $6,235. The disclosure for this purchase can be found here. Insiders own 24.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Cove Street Capital LLC raised its stake 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. Dimensional Fund Advisors LP raised its stake in 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. raised its stake in 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. raised its stake 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. Finally, Thomson Horstmann & Bryant Inc. raised its stake in 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. Institutional investors own 87.94% 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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