BidaskClub upgraded shares of GP Strategies Corporation (NYSE:GPX) from a hold rating to a buy rating in a research report released on Thursday morning.

Several other research analysts have also recently commented on the company. B. Riley reiterated a neutral rating and issued a $27.00 price target on shares of GP Strategies Corporation in a research note on Wednesday, August 2nd. TheStreet upgraded GP Strategies Corporation from a c+ rating to a b- rating in a research note on Monday, July 31st. Zacks Investment Research upgraded GP Strategies Corporation from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Monday, July 31st. Barrington Research boosted their price target on GP Strategies Corporation from $30.00 to $32.00 and gave the stock an outperform rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded GP Strategies Corporation from a hold rating to a buy rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $30.00.

GP Strategies Corporation (NYSE:GPX) opened at 28.25 on Thursday. GP Strategies Corporation has a 12-month low of $22.70 and a 12-month high of $30.00. The stock has a market cap of $472.48 million, a P/E ratio of 22.07 and a beta of 0.93. The stock has a 50 day moving average price of $27.57 and a 200-day moving average price of $25.78.

GP Strategies Corporation (NYSE:GPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The company had revenue of $131.16 million for the quarter, compared to analysts’ expectations of $131.20 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that GP Strategies Corporation will post $1.31 earnings per share for the current year.

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In other news, CEO Scott N. Greenberg acquired 1,666 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average cost of $23.21 per share, with a total value of $38,667.86. Following the completion of the acquisition, the chief executive officer now directly owns 149,388 shares in the company, valued at $3,467,295.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Gugala sold 6,732 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $28.28, for a total value of $190,380.96. Following the completion of the sale, the insider now directly owns 8,810 shares of the company’s stock, valued at $249,146.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,728 shares of company stock worth $475,253. Insiders own 25.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GPX. Susquehanna International Group LLP purchased a new stake in shares of GP Strategies Corporation during the second quarter valued at $222,000. The Manufacturers Life Insurance Company raised its stake in shares of GP Strategies Corporation by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after buying an additional 225 shares in the last quarter. State Street Corp raised its stake in shares of GP Strategies Corporation by 8.3% in the second quarter. State Street Corp now owns 225,918 shares of the company’s stock valued at $5,966,000 after buying an additional 17,329 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GP Strategies Corporation by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 964,815 shares of the company’s stock valued at $25,472,000 after buying an additional 19,373 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of GP Strategies Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock valued at $15,381,000 after buying an additional 3,013 shares in the last quarter. 88.32% of the stock is owned by hedge funds and other institutional investors.

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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