Samuel D. Robinson Acquires 9,699 Shares of GP Strategies Corp. (GPX) Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 9,699 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was purchased at an average price of $24.63 per share, with a total value of $238,886.37. Following the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $6,157.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of GP Strategies Corp. (NYSE:GPX) traded down 1.83% during mid-day trading on Tuesday, reaching $24.20. 19,389 shares of the company traded hands. GP Strategies Corp. has a 52 week low of $19.59 and a 52 week high of $28.59. The company has a market capitalization of $402.37 million, a P/E ratio of 21.98 and a beta of 1.26. The stock’s 50-day moving average is $24.43 and its 200-day moving average is $23.67.
GP Strategies Corp. (NYSE:GPX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.03. GP Strategies Corp. had a net margin of 3.81% and a return on equity of 12.82%. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. During the same quarter last year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock valued at $12,073,000 after buying an additional 17,127 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of GP Strategies Corp. by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 925,765 shares of the company’s stock valued at $20,080,000 after buying an additional 4,967 shares during the period. Royce & Associates LP boosted its stake in shares of GP Strategies Corp. by 14.3% in the second quarter. Royce & Associates LP now owns 119,865 shares of the company’s stock valued at $2,600,000 after buying an additional 15,000 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of GP Strategies Corp. by 9.0% in the second quarter. Neuberger Berman Group LLC now owns 282,275 shares of the company’s stock valued at $6,123,000 after buying an additional 23,244 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of GP Strategies Corp. during the second quarter valued at approximately $285,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.
GPX has been the subject of a number of research reports. Zacks Investment Research raised shares of GP Strategies Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of GP Strategies Corp. in a research note on Sunday, July 31st.
GP Strategies Corp. Company Profile
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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