Perritt Capital Management Inc. Lowers Stake in GP Strategies Corp (NYSE:GPX)

Perritt Capital Management Inc. lessened its stake in GP Strategies Corp (NYSE:GPX) by 31.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 84,842 shares of the company’s stock after selling 38,158 shares during the period. Perritt Capital Management Inc. owned about 0.50% of GP Strategies worth $1,279,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Cove Street Capital LLC lifted its position in shares of GP Strategies by 3.8% during the first quarter. Cove Street Capital LLC now owns 2,297,922 shares of the company’s stock worth $27,920,000 after purchasing an additional 84,138 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in GP Strategies by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock worth $14,129,000 after buying an additional 28,556 shares in the last quarter. Royce & Associates LP lifted its holdings in GP Strategies by 1.7% during the 1st quarter. Royce & Associates LP now owns 746,539 shares of the company’s stock worth $9,070,000 after buying an additional 12,800 shares in the last quarter. Rutabaga Capital Management LLC MA purchased a new position in GP Strategies in the 1st quarter valued at approximately $5,168,000. Finally, THB Asset Management boosted its position in GP Strategies by 59.9% in the 2nd quarter. THB Asset Management now owns 311,890 shares of the company’s stock valued at $4,703,000 after buying an additional 116,876 shares during the period. Hedge funds and other institutional investors own 86.75% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research cut GP Strategies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 6th. ValuEngine downgraded GP Strategies from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barrington Research reaffirmed a “buy” rating and issued a $20.00 price target on shares of GP Strategies in a research report on Tuesday, August 6th.

NYSE:GPX traded up $0.40 during mid-day trading on Wednesday, hitting $13.40. The stock had a trading volume of 1,155 shares, compared to its average volume of 40,723. GP Strategies Corp has a twelve month low of $11.77 and a twelve month high of $19.27. The stock has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $14.10. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $214.39 million, a PE ratio of 14.88, a PEG ratio of 0.90 and a beta of 0.91.

GP Strategies (NYSE:GPX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). The firm had revenue of $149.41 million during the quarter, compared to analysts’ expectations of $149.01 million. GP Strategies had a net margin of 1.32% and a return on equity of 6.65%. Sell-side analysts predict that GP Strategies Corp will post 0.94 EPS for the current fiscal year.

About GP Strategies

GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.

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Institutional Ownership by Quarter for GP Strategies (NYSE:GPX)

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