GP Strategies Corporation (GPX) Insider David A. Gugala Sells 6,732 Shares
GP Strategies Corporation (NYSE:GPX) insider David A. Gugala sold 6,732 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $28.28, for a total transaction of $190,380.96. Following the completion of the sale, the insider now owns 8,810 shares in the company, valued at approximately $249,146.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
GP Strategies Corporation (GPX) traded down 0.35% on Thursday, hitting $28.35. 26,167 shares of the company were exchanged. The stock has a 50 day moving average price of $27.50 and a 200 day moving average price of $25.74. GP Strategies Corporation has a one year low of $22.70 and a one year high of $30.00. The firm has a market cap of $474.15 million, a price-to-earnings ratio of 22.15 and a beta of 0.93.
GP Strategies Corporation (NYSE:GPX) last issued its earnings results on Thursday, July 27th. The company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that GP Strategies Corporation will post $1.31 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. American International Group Inc. increased its stake in shares of GP Strategies Corporation by 7.0% in the first quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after buying an additional 516 shares during the last quarter. First Interstate Bank increased its stake in shares of GP Strategies Corporation by 102.2% in the second quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after buying an additional 3,935 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of GP Strategies Corporation during the second quarter valued at approximately $214,000. Susquehanna International Group LLP purchased a new stake in shares of GP Strategies Corporation during the second quarter valued at approximately $222,000. Finally, Bessemer Group Inc. increased its stake in shares of GP Strategies Corporation by 24.7% in the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after buying an additional 1,770 shares during the last quarter. 88.32% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on GPX shares. B. Riley reiterated a “neutral” rating and set a $27.00 price objective on shares of GP Strategies Corporation in a research note on Wednesday, May 3rd. BidaskClub lowered shares of GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, July 31st. Barrington Research raised their price objective on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. GP Strategies Corporation currently has an average rating of “Buy” and an average target price of $30.00.
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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