Insider Buying: GP Strategies Corp. (GPX) Director Acquires 5,770 Shares of Stock
GP Strategies Corp. (NYSE:GPX) Director Samuel D. Robinson acquired 5,770 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The stock was bought at an average price of $24.10 per share, for a total transaction of $139,057.00. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $6,025. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
GP Strategies Corp. (NYSE:GPX) traded down 1.04% during mid-day trading on Monday, hitting $23.85. The stock had a trading volume of 19,598 shares. The stock has a market cap of $396.55 million, a price-to-earnings ratio of 21.66 and a beta of 1.26. GP Strategies Corp. has a 12 month low of $19.59 and a 12 month high of $28.59. The stock’s 50-day moving average price is $24.42 and its 200-day moving average price is $23.67.
GP Strategies Corp. (NYSE:GPX) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ 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 had revenue of $125.50 million for the quarter, compared to analysts’ expectations of $127.96 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that GP Strategies Corp. will post $1.19 earnings per share for the current year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/insider-buying-gp-strategies-corp-gpx-director-acquires-5770-shares-of-stock.html
Several hedge funds and other institutional investors have recently bought and sold shares of GPX. BlackRock Group LTD boosted its position in GP Strategies Corp. by 161.4% in the second quarter. BlackRock Group LTD now owns 5,600 shares of the company’s stock worth $121,000 after buying an additional 3,458 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in GP Strategies Corp. by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 9,228 shares of the company’s stock worth $253,000 after buying an additional 527 shares during the last quarter. GSA Capital Partners LLP bought a new position in GP Strategies Corp. during the second quarter worth $285,000. Rhumbline Advisers boosted its position in GP Strategies Corp. by 19.5% in the second quarter. Rhumbline Advisers now owns 15,447 shares of the company’s stock worth $335,000 after buying an additional 2,522 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in GP Strategies Corp. by 11.2% in the second quarter. GHP Investment Advisors Inc. now owns 17,975 shares of the company’s stock worth $390,000 after buying an additional 1,815 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on GPX. Zacks Investment Research cut shares of GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st. B. Riley reiterated a “buy” rating and set a $27.00 price target on shares of GP Strategies Corp. in a research report on Tuesday, July 26th.
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.
Receive News & Ratings for GP Strategies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies Corp. and related companies with MarketBeat.com's FREE daily email newsletter.