GP Strategies Corporation (NYSE:GPX) Upgraded by BidaskClub to “Buy”
BidaskClub upgraded shares of GP Strategies Corporation (NYSE:GPX) from a hold rating to a buy rating in a research note issued to investors on Tuesday, July 11th.
A number of other equities research analysts have also recently commented on the company. TheStreet cut GP Strategies Corporation from a b rating to a c+ rating in a research note on Thursday, May 25th. B. Riley reissued a neutral rating and issued a $27.00 price objective on shares of GP Strategies Corporation in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research cut GP Strategies Corporation from a hold rating to a sell rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $30.00.
GP Strategies Corporation (GPX) opened at 29.00 on Tuesday. The company has a market cap of $485.02 million, a price-to-earnings ratio of 22.66 and a beta of 0.93. GP Strategies Corporation has a 52-week low of $21.63 and a 52-week high of $30.00. The stock’s 50 day moving average is $26.74 and its 200 day moving average is $25.58.
GP Strategies Corporation (NYSE:GPX) last issued its earnings results on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Equities research analysts forecast that GP Strategies Corporation will post $1.31 earnings per share for the current year.
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In related news, CEO Scott N. Greenberg bought 1,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $23.21 per share, with a total value of $38,667.86. Following the completion of the transaction, the chief executive officer now directly owns 149,388 shares in the company, valued at $3,467,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karl Baer sold 1,561 shares of GP Strategies Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $25.05, for a total value of $39,103.05. Following the transaction, the insider now directly owns 14,644 shares in the company, valued at approximately $366,832.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,996 shares of company stock worth $284,872. 25.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPX. State Street Corp boosted its position in GP Strategies Corporation by 2.8% in the fourth quarter. State Street Corp now owns 209,264 shares of the company’s stock valued at $5,981,000 after buying an additional 5,644 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in GP Strategies Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 930,763 shares of the company’s stock valued at $26,620,000 after buying an additional 9,343 shares in the last quarter. CAPROCK Group Inc. boosted its position in GP Strategies Corporation by 35.3% in the first quarter. CAPROCK Group Inc. now owns 18,400 shares of the company’s stock valued at $466,000 after buying an additional 4,800 shares in the last quarter. Nationwide Fund Advisors boosted its position in GP Strategies Corporation by 1.1% in the first quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $402,000 after buying an additional 175 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of GP Strategies Corporation by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 213,438 shares of the company’s stock valued at $5,400,000 after buying an additional 12,510 shares during the last quarter. 87.73% of the stock is currently owned by institutional investors and hedge funds.
About GP Strategies Corporation
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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