Dimensional Fund Advisors LP raised its stake in shares of GP Strategies Corporation (NYSE:GPX) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 964,815 shares of the company’s stock after purchasing an additional 19,373 shares during the period. Dimensional Fund Advisors LP owned 5.77% of GP Strategies Corporation worth $25,472,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of GPX. Russell Investments Group Ltd. grew its holdings in GP Strategies Corporation by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock worth $8,870,000 after acquiring an additional 122,523 shares during the period. Royce & Associates LP grew its holdings in GP Strategies Corporation by 30.7% during the 2nd quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock worth $5,129,000 after acquiring an additional 45,605 shares during the period. FMR LLC acquired a new stake in GP Strategies Corporation during the 1st quarter worth about $764,000. AlphaOne Investment Services LLC grew its holdings in GP Strategies Corporation by 14.9% during the 2nd quarter. AlphaOne Investment Services LLC now owns 213,216 shares of the company’s stock worth $5,630,000 after acquiring an additional 27,677 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in GP Strategies Corporation by 62.0% during the 1st quarter. Renaissance Technologies LLC now owns 46,659 shares of the company’s stock worth $1,180,000 after acquiring an additional 17,865 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.
A number of analysts have weighed in on GPX shares. BidaskClub upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded GP Strategies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Barrington Research raised their target price on 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, B. Riley restated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corporation in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.00.
In other news, Director Marshall S. Geller sold 7,691 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $28.59, for a total value of $219,885.69. Following the completion of the sale, the director now directly owns 141,051 shares in the company, valued at approximately $4,032,648.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Gugala sold 6,732 shares of the firm’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 owns 8,810 shares of the company’s stock, valued at $249,146.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,317 shares of company stock valued at $521,791. 25.70% of the stock is currently owned by company insiders.
Shares of GP Strategies Corporation (GPX) opened at $27.25 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $457.35, a PE ratio of 21.29, a PEG ratio of 1.43 and a beta of 0.92. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $31.25.
GP Strategies Corporation (NYSE:GPX) last issued its earnings results on Thursday, November 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $125.01 million. GP Strategies Corporation had a return on equity of 12.16% and a net margin of 3.95%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. analysts anticipate that GP Strategies Corporation will post 1.27 earnings per share for the current year.
GP Strategies Corporation 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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