GP Strategies Corporation (NYSE:GPX) CEO Scott N. Greenberg acquired 1,666 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of $23.21 per share, for a total transaction of $38,667.86. Following the purchase, the chief executive officer now directly owns 149,388 shares in the company, valued at $3,467,295.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of GP Strategies Corporation (NYSE:GPX) remained flat at $25.70 during mid-day trading on Friday. The company’s stock had a trading volume of 44,412 shares. GP Strategies Corporation has a 1-year low of $19.59 and a 1-year high of $30.00. The firm has a market capitalization of $429.88 million, a P/E ratio of 21.07 and a beta of 1.01. The company’s 50-day moving average price is $25.24 and its 200-day moving average price is $25.94.
GP Strategies Corporation (NYSE:GPX) last released its earnings results on Tuesday, May 2nd. The company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. GP Strategies Corporation had a return on equity of 12.45% and a net margin of 4.13%. The firm had revenue of $122.45 million for the quarter, compared to the consensus estimate of $121.77 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that GP Strategies Corporation will post $1.27 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GPX. Emerald Acquisition Ltd. increased its position in GP Strategies Corporation by 12.5% in the third quarter. Emerald Acquisition Ltd. now owns 232,151 shares of the company’s stock valued at $5,716,000 after buying an additional 25,818 shares during the period. Citadel Advisors LLC acquired a new position in GP Strategies Corporation during the third quarter valued at $782,000. Penn Capital Management Co. Inc. acquired a new position in GP Strategies Corporation during the third quarter valued at $2,016,000. Russell Investments Group Ltd. acquired a new position in GP Strategies Corporation during the fourth quarter valued at $5,756,000. Finally, Cadence Capital Management LLC increased its position in GP Strategies Corporation by 13.3% in the fourth quarter. Cadence Capital Management LLC now owns 49,374 shares of the company’s stock valued at $1,412,000 after buying an additional 5,798 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.
A number of research analysts have recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $27.00 target price on shares of GP Strategies Corporation in a research report on Wednesday, May 3rd. TheStreet lowered GP Strategies Corporation from a “b” rating to a “c+” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research lowered GP Strategies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 4th.
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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