First Trust Advisors LP bought a new stake in shares of GP Strategies Corp (NYSE:GPX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,214 shares of the company’s stock, valued at approximately $408,000. First Trust Advisors LP owned approximately 0.08% of GP Strategies as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in GP Strategies by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 964,815 shares of the company’s stock valued at $25,472,000 after purchasing an additional 19,373 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of GP Strategies by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock valued at $15,381,000 after acquiring an additional 3,013 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of GP Strategies by 3.1% in the second quarter. Neuberger Berman Group LLC now owns 520,161 shares of the company’s stock valued at $13,732,000 after acquiring an additional 15,845 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of GP Strategies by 57.4% in the second quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock valued at $8,870,000 after acquiring an additional 122,523 shares in the last quarter. Finally, State Street Corp lifted its position in shares of GP Strategies by 8.3% in the second quarter. State Street Corp now owns 225,918 shares of the company’s stock valued at $5,966,000 after acquiring an additional 17,329 shares in the last quarter. Institutional investors own 88.87% of the company’s stock.
Shares of GP Strategies Corp (GPX) traded down $0.20 during trading on Monday, hitting $22.85. The stock had a trading volume of 34,000 shares, compared to its average volume of 33,161. GP Strategies Corp has a fifty-two week low of $22.30 and a fifty-two week high of $31.25. The stock has a market capitalization of $383.51, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.
GP Strategies (NYSE:GPX) last announced its quarterly earnings data 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. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The business had revenue of $124.10 million for the quarter, compared to the consensus estimate of $125.01 million. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. analysts forecast that GP Strategies Corp will post 1.08 earnings per share for the current year.
GP Strategies announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 22nd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Several equities analysts have recently commented on GPX shares. BidaskClub upgraded GP Strategies from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. B. Riley set a $27.00 price objective on GP Strategies and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded GP Strategies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, TheStreet downgraded GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. GP Strategies has a consensus rating of “Hold” and a consensus target price of $30.00.
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About GP Strategies
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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