GP Strategies (GPX) Reaches New 12-Month Low at $14.63

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Shares of GP Strategies Corp (NYSE:GPX) hit a new 52-week low during trading on Thursday . The company traded as low as $14.63 and last traded at $14.61, with a volume of 1682 shares traded. The stock had previously closed at $15.57.

A number of analysts have commented on the company. B. Riley reduced their price target on GP Strategies from $25.75 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research cut GP Strategies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. GP Strategies presently has an average rating of “Hold” and an average price target of $26.00.

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $278.62 million, a P/E ratio of 11.53, a PEG ratio of 1.02 and a beta of 0.78.

GP Strategies (NYSE:GPX) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. GP Strategies had a return on equity of 11.06% and a net margin of 1.78%. The business had revenue of $133.69 million during the quarter, compared to analysts’ expectations of $134.50 million. Analysts forecast that GP Strategies Corp will post 1.1 earnings per share for the current fiscal year.

In other GP Strategies news, Director Marshall S. Geller bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average price of $16.57 per share, for a total transaction of $33,140.00. Following the completion of the transaction, the director now owns 148,254 shares of the company’s stock, valued at approximately $2,456,568.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Cove Street Capital LLC grew its position in shares of GP Strategies by 8.5% during the second quarter. Cove Street Capital LLC now owns 1,613,637 shares of the company’s stock worth $28,400,000 after purchasing an additional 126,751 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of GP Strategies by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,056,073 shares of the company’s stock worth $18,587,000 after purchasing an additional 49,034 shares in the last quarter. BlackRock Inc. grew its position in shares of GP Strategies by 5.2% during the second quarter. BlackRock Inc. now owns 731,786 shares of the company’s stock worth $12,881,000 after purchasing an additional 36,380 shares in the last quarter. Royce & Associates LP grew its position in shares of GP Strategies by 31.2% during the second quarter. Royce & Associates LP now owns 478,758 shares of the company’s stock worth $8,426,000 after purchasing an additional 113,968 shares in the last quarter. Finally, Teton Advisors Inc. grew its position in shares of GP Strategies by 19.7% during the second quarter. Teton Advisors Inc. now owns 121,271 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

GP Strategies Company Profile (NYSE:GPX)

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.

Further Reading: Trading Strategy

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