Rice Hall James & Associates LLC Cuts Stake in GP Strategies Corporation (GPX)
Rice Hall James & Associates LLC cut its position in GP Strategies Corporation (NYSE:GPX) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,024 shares of the company’s stock after selling 5,198 shares during the period. Rice Hall James & Associates LLC’s holdings in GP Strategies Corporation were worth $2,218,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in GP Strategies Corporation by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock worth $8,870,000 after buying an additional 122,523 shares during the period. Neuberger Berman Group LLC increased its position in GP Strategies Corporation by 20.0% in the first quarter. Neuberger Berman Group LLC now owns 504,316 shares of the company’s stock valued at $12,759,000 after buying an additional 83,953 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in GP Strategies Corporation during the first quarter valued at approximately $862,000. Cove Street Capital LLC increased its position in GP Strategies Corporation by 2.8% in the first quarter. Cove Street Capital LLC now owns 1,162,841 shares of the company’s stock valued at $29,420,000 after buying an additional 31,191 shares during the last quarter. Finally, FMR LLC acquired a new position in GP Strategies Corporation during the first quarter valued at approximately $764,000. 88.32% of the stock is currently owned by institutional investors and hedge funds.
GP Strategies Corporation (NYSE GPX) opened at 28.05 on Tuesday. GP Strategies Corporation has a 52 week low of $22.70 and a 52 week high of $30.00. The firm has a 50-day moving average of $27.37 and a 200-day moving average of $25.70. The company has a market capitalization of $469.14 million, a PE ratio of 21.91 and a beta of 0.93.
GP Strategies Corporation (NYSE:GPX) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The company had revenue of $131.16 million during the quarter, compared to analysts’ expectations of $131.20 million. During the same period in the prior year, the company posted $0.29 earnings per share. GP Strategies Corporation’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that GP Strategies Corporation will post $1.31 earnings per share for the current fiscal year.
A number of research firms have issued reports on GPX. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. B. Riley reiterated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corporation in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of GP Strategies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet cut shares of GP Strategies Corporation from a “b” rating to a “c+” rating in a research note on Thursday, May 25th. Finally, ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.00.
In other GP Strategies Corporation news, insider Karl Baer sold 6,435 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $24.78, for a total value of $159,459.30. Following the transaction, the insider now directly owns 16,205 shares of the company’s stock, valued at $401,559.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott N. Greenberg acquired 1,666 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average cost of $23.21 per share, for a total transaction of $38,667.86. Following the completion of the purchase, the chief executive officer now directly owns 149,388 shares of the company’s stock, valued at approximately $3,467,295.48. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 10,996 shares of company stock worth $284,872. 25.70% of the stock is owned by insiders.
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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